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Vietnam’s shrimp exports target the EU

(08:24 - 20/01/2015)(View: 541)

Vietnam’s shrimp exports target the EU
Vietnamese shrimp exports to the EU market have maintained a high growth rate.

In the first eleven months of 2014, the country’s shrimp exports to EU rose by 71.7% compared to the same period in 2013. 

Last year, Vietnamese shrimps were more advantaged than those from Thailand and India.
The Thai prawn industry was badly affected after the Guardian UK carried adverse information in June 2014 accusing Thailand of slavery in its fishing industry. "If you buy prawns or shrimp from Thailand, you will be buying the produce of slave labour," says Aidan McQuade, director of Anti-Slavery International.
Immediately after that, in June, France’s Carrefour Group, the second largest retailer in the world stopped buying shrimps from Thailand.
Moreover, since last year, Thailand’s processed shrimps to the EU no longer enjoyed GSP (Global Strategic Priorities) and therefore the tax was up to 20%.
In the first eight months of 2014, India’s shrimp exports to the EU showed a year-on-year increase of 83.5% and it was one of the ten leading shrimp suppliers to the market.

However, in the remaining months of last year, EU warning of non-therapeutic use of antibiotics in shrimp raising caused difficulties to India in exporting shrimps to the market. 


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Poster: Xuân Đào
Source: Vietfish

 

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News in brief

1. Japanese businesses want to invest in Vietnam

Around 30% of Japanese businesses that are intent on investing overseas consider Vietnam as their prime choice, according to a recent survey by Japan External Trade Organisation (JETRO). 

2. Lower VAT urged for key exports

Reduction of the value added tax for agro-forestry-fishery products should be made to help producers and exporters cope with low market demand and financial difficulties, recommended the Agro-Forestry Processing and Salt Industry Department. 

 

3. Cold weather affects Vietnam’s shrimp production

Cold weather in southern Vietnam has affected thousands of hectares of shrimp production, as farmers have to delay their new season of cultivation. 

4. Value Added Shrimp index on 02/05/2013

The Value Added Shrimp Index is $5.233 +.032

5. Black tiger shrimp index 01/24/2013

The Black Shrimp Index is $6.2979 +.0050

 

 

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