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However, the current export value of agricultural products and aquatic products to this market is still not large .
There is still plenty of room for export growth
According to statistics from the General Administration of Customs of Vietnam, in the first four months of 2021, Vietnam’s exports to Japan amounted to more than 6.
6 billion U.
S.
dollars, a year-on-year increase of 2.
67%
.
The export of agricultural products grew relatively high, such as pepper growth by 35.
23%, cashew nuts by 20.
35%, and coffee by 14%
.
But overall, exports of agricultural products and food only accounted for 8.
2% of Vietnam’s total exports to Japan
.
6 billion U.
S.
dollars, a year-on-year increase of 2.
67%
.
The export of agricultural products grew relatively high, such as pepper growth by 35.
23%, cashew nuts by 20.
35%, and coffee by 14%
.
But overall, exports of agricultural products and food only accounted for 8.
2% of Vietnam’s total exports to Japan
.
Japan has a large import demand for agricultural, forestry and fishery products, processed foods, various consumer products, electronic products and fuels, while Vietnam has a great competitive advantage in most products
.
.
According to statistics from the Japanese Customs, the country has imported many products that Vietnam has an advantage in
.
However, Japan mainly imports from other markets, such as imports of agricultural and fishery products and food from the United States, which accounted for 23.
3% of total imports, 11.
8% from China, and 13.
4% from ASEAN, of which imports from Vietnam only accounted for total imports from ASEAN 18.
3% of the total and 2.
4% of the total imports from all countries in the world
.
.
However, Japan mainly imports from other markets, such as imports of agricultural and fishery products and food from the United States, which accounted for 23.
3% of total imports, 11.
8% from China, and 13.
4% from ASEAN, of which imports from Vietnam only accounted for total imports from ASEAN 18.
3% of the total and 2.
4% of the total imports from all countries in the world
.
At present, Japan has a large import demand for fish, shrimp, eel, meat, meat products, soybeans, grain products and vegetables
.
Agricultural and aquatic products and foods account for about 10% of total imports
.
.
Agricultural and aquatic products and foods account for about 10% of total imports
.
Compared with China or the United States, Vietnam enjoys preferential tariffs under the commitments of bilateral and multilateral free trade agreements signed with Japan, so it has a competitive advantage
.
Therefore, there is still a lot of room for exports of this product from Vietnam to Japan
.
.
Therefore, there is still a lot of room for exports of this product from Vietnam to Japan
.
Take advantage of CPTPP
At present, Vietnam and Japan are three bilateral agreements including the Vietnam-Japan Economic Partnership Agreement (VJFTA), the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) and the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP).
Member of multilateral free trade agreements
.
Member of multilateral free trade agreements
.
The accession of the two countries to these agreements has created many opportunities and convenient conditions for the expansion of bilateral trade cooperation.
In particular, the structure of imports and exports between Vietnam and Japan is not competitive but complementary
.
In particular, the structure of imports and exports between Vietnam and Japan is not competitive but complementary
.
In accordance with the commitments made in the CPTPP, for Vietnamese meat products and meat products, Vietnam is committed to abolishing about one third of the tariffs on meat products immediately after the agreement enters into force; in accordance with the road map of 2 to 16 years from the effective date of the agreement Tax deductions and exemptions for approximately two-thirds of the tariff lines
.
For example, for fresh and frozen whole or half pork, the tax rate will be 0% within 10 years
.
Taxes on fresh and frozen beef offal will be eliminated according to the 13-year road map
.
Compared with VJEPA, the commitments in CPTPP have a stronger degree of openness than products that do not promise tax reductions in VJEPA
.
.
For example, for fresh and frozen whole or half pork, the tax rate will be 0% within 10 years
.
Taxes on fresh and frozen beef offal will be eliminated according to the 13-year road map
.
Compared with VJEPA, the commitments in CPTPP have a stronger degree of openness than products that do not promise tax reductions in VJEPA
.
With regard to aquatic products, Japan has committed to immediately abolish tariffs on approximately 65% of aquatic products after the agreement enters into force, and to reduce tariffs and eliminate tariffs in accordance with the roadmap for 6 to 16 years from the date of the agreement's entry into force
.
.
It can be seen that CPTPP provides an opportunity to promote the growth of Vietnam's agricultural and fishery products and food exports to Japan
.
However, Japan is a country with strict food hygiene and safety standards and has formed non-tariff barriers to goods exported to Japan
.
.
However, Japan is a country with strict food hygiene and safety standards and has formed non-tariff barriers to goods exported to Japan
.
Therefore, companies need to pay attention to the product quality and technical standards of the market when exporting agricultural products and food to Japan
.
Products must comply with the "Environmental Sanitation Law" and undergo animal and plant quarantine before entering the Japanese market
.
In addition, Japan’s population is aging, so Japanese consumption trends of agricultural products and food pay particular attention to factors affecting health, followed by price and convenience
.
Enterprises should clearly state the nutritional content, processing and storage methods, shelf life, and ingredients that may cause allergies on the product packaging
.
(over)
.
Products must comply with the "Environmental Sanitation Law" and undergo animal and plant quarantine before entering the Japanese market
.
In addition, Japan’s population is aging, so Japanese consumption trends of agricultural products and food pay particular attention to factors affecting health, followed by price and convenience
.
Enterprises should clearly state the nutritional content, processing and storage methods, shelf life, and ingredients that may cause allergies on the product packaging
.
(over)
