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FTA

(seafood.vasep.com.vn) Tuna is one of the products that have made good use of FTAs ​​such as EVFTA and CPTPP to increase exports in the first months of 2022.

Over the years, the Vietnamese seafood processing industry has quickly grasped the trend of integration, effectively exploited the advantages from free trade agreements (FTAs) and gradually asserted itself as one of the key export industries of the country.

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019. The Vietnam Association of Seafood Exporters and Producers (VASEp) expects them to increase by 5 per cent to $8.8 billion this year aided by many positive factors.

(seafood.vasep.com.vn) Free trade agreements (FTAs) that come into effect and put into effect in 2020 have created favorable conditions for our country's goods to be exported abroad in the past year. After falling continuously in the first half of the year due to the impact of the Covid-19 epidemic, Vietnam's seafood exports started to recover from July. Especially, thanks to the Vietnam - EU Free Trade Agreement (EVFTA). Effective from August 2020, seafood has continued to have double-digit growth since September.