Thai Union Frozen Products would be forced to shift its European shrimp sales to other markets if higher tariffs are imposed on Thai shrimp exports under a revision of the European Union (EU) generalised system of preferences (GSP), its president said.
If the report is ratified -- a process currently underway -- then Thailand would effectively be out of the European market, “given the fact that all our other competing nations remain with GSP,” said Thiraphong Chansiri, president of Thai Union, one of the world’s top five shrimp exporters.
“Well, if it happens, then we will shift our products to other markets,” he told IntraFish.
Charoen Pokphand Foods, the world’s largest shrimp farmer, said it will shift its production to Malaysia and Vietnam if privileges are withdrawn in January of 2014.
Thai Union, however, has “no plan to relocate our operation,” said Chansiri. The Thai government is lobbying on the issue. “Our Ministry of Commerce is working closely with EU authorities to maintain Thailand in the list,” said Chansiri.
Thailand is also thought to be looking to negotiate a free trade agreement with the EU, which would take the tariff down to zero.
The new GSP imposes a tariff of 12 percent to raw shrimp compared to the current 4.2 percent and a 20 percent tariff to cooked and cocktail shrimp up from the current 7 percent.
The lower rate is given to countries categorized by the World Bank as lower middle income, and the bank has shifted Thailand’s status from lower middle income to middle income, as the country’s per capita income exceeds $3,700 (€3,010), the cut-off for GSP eligibility. The EU has granted trade preferences to developing countries through the GSP scheme since 1971.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
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