 Home > Food News > Food Articles > Japanese traders have mixed views on ban on imports of Russian seafood

Japanese traders have mixed views on ban on imports of Russian seafood

 Last Update: 2022-04-18
 Source: Internet
 Author: User

Tags

block number 3

all

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

From SeafoodNews On March 24, 14 countries and regions including Japan, the United States , and Europe, members of the World Trade Organization (WTO), issued a joint statement on March 15, stating that they would take all actions to cancel Russia's "most favored nation" trade preferential policy.

.

The Japanese government has also decided to suspend the "most-favored-nation treatment".
If the preferential tariff is cancelled, the import costof crabs with a very high unit price will increase significantly
.
Trading companies importing Russian-produced crabs and sea urchins are also considering plans to stop importing Russian-produced seafood , and are considering future measures
.

"Most-favored-nation treatment" is one of the basic principles of the WTO, and its rule is to apply the most-favored-nation treatment to all member countries
.

If Russia is excluded from tariff preferences, import duties on live and frozen crabs produced in Russia will rise from 4% to 6%; import duties on salmon and trout will rise from 3.
5% to 5%; imports of cold-water shrimp The tariff will rise from 1% to 4%, however, Russia is the largest supplier of live sea urchins, and even without preferential treatment, live sea urchins are still tax-free
.

According to the trade statistics of the Ministry of Finance of Japan, among the crabs imported from Russia last year, frozen snow crabs accounted for 45%, and frozen king crabs accounted for 92%, indicating a high degree of dependence on Russia
.
A trading company dealing with Russian crabs said sadly that if Japan committed to the embargo, we would have no alternative resources, and another Japanese trader dealing with sockeye salmon said that the transaction is relatively quiet at the moment, and it is expected to be affected from June onwards.
, the extent of the impact is unclear
.

　　As the United States prohibits the import of Russian aquatic products, it is difficult for the Russian-produced crabs stored in Busan, South Korea, to be shipped to the United States before the deadline.
Busan has a large number of crabs from the Russian Far East
.
According to a trading company, it takes a month to ship from Busan to the United States.
Even if it is shipped to the United States, it will not be able to catch up with the import grace period on the 25th of this month
.
Accordingly, negotiations with the United States to extend the grace period are ongoing
.

　　The presidential decree announced by the President of the United States on the 11th stipulates that the import period for contracts and agreements signed before the 11th will be extended to the 25th
.
New contracts are not allowed after March 11, and products processed in China may also become the object of the embargo.
If Japan implements the same seafood embargo as the United States, the loopholes in Russian processed products exported from China will be filled
.

　　A trading company dealing in Russian frozen crabs believes that Japan is likely to follow the United States and impose an embargo on Russian aquatic products.
He is pessimistic about this.
If Japan imposes an embargo, in the worst case, Russia may Stop fishing, the number of snow crabs in Canada will increase in the future, and the company is considering importing from other production areas
.

　　The U.
S.
gray-eyed snow crab catch this year is expected to be 88 percent lower than last year, and if it is difficult to import crabs from Russia, there will be more demand for crabs from Canada and Norway, and prices will rise sharply
.
Last year, the king crab fishing season in Bristol Bay was over and it is unlikely that there will be a large king crab catch this year
.

　　A trading company dealing with Russian shrimp said that the situation in Japan is different from that of the United States, and the impact on Japan will be huge, so it is believed that Japan will not impose an import ban.
If it is banned, it will require a lot of supplies to meet market demand
.

U.
S.

The Japanese government has also decided to suspend the "most-favored-nation treatment".
If the preferential tariff is cancelled, the import cost 　　of crabs with a very high unit price will increase significantly
.
Trading companies importing Russian-produced crabs and sea urchins are also considering plans to stop importing Russian-produced seafood , and are considering future measures
.

imported seafood

　　"Most-favored-nation treatment" is one of the basic principles of the WTO, and its rule is to apply the most-favored-nation treatment to all member countries
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.