The ATPDEA allows duty-free entry and unlimited quota of tuna packed in vacuum pouches but the tuna that is prepared or preserved by any means in vacuum packaging is excluded, such as canned tuna.
"We hope to resume talks with the
"We can not sit and mourn if there is something we can do. Currently, regardless the fact that it can be possible to get the good will of the US Congress and the Senate to renew it, there is not much to do because they are unilateral preferences granted by the Government of that country," he added, according to the newspaperLa Hora. If preferences are removed, tuna in puches will be affected, Corpei chairman warned.
Cristian Espinosa, executive director of the American Ecuadorian Chamber (AmCham), believes that the chances of the preference renewal are scarce.
While there is always a possibility, "the probabilities are low because the system lost importance in the
When asked about the next steps to be taken in order to try and renew the preferences, Espinosa stated: "Currently, the exporters and the Government, with the embassy in
"The aim is to show that they benefit when Ecuadorian products pay no tariffs because the prices are affordable for everyone," he added.
If the ATPDEA expires, the national resources will have to "compete hard with Colombian and Peruvian products, which have trade agreements and so have better conditions and their prices will be more competitive than ours," he stressed.
Felipe Rivadeneira, chief executive of the Ecuadorian Federation of Exporters (Fedexpor), estimates that the tariff to be paid by tuna producers as ATPDEA non-beneficiaries "is USD 16 million," reported the newspaper El Comercio.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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