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    Home > Food News > Food Articles > Vietnamese tuna products take full advantage of the benefits of the Vietnam-EU Free Trade Agreement

    Vietnamese tuna products take full advantage of the benefits of the Vietnam-EU Free Trade Agreement

    • Last Update: 2021-09-28
    • Source: Internet
    • Author: User
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    (People’s Daily) According to the “EVFTA and Vietnam Trade” publication in the second quarter of 2021 by the Ministry of Industry and Trade of Vietnam, Vietnamese companies are currently striving to meet the EU market’s regulations on combating illegal, unreported and unregulated fishing, aiming to enjoy the Vietnam-EU Free Trade Agreement (EVFTA) preferential treatment for tuna products
    .
     
    According to the publication, with the commitment to cut tariffs immediately after the EVFTA agreement came into effect on August 1, 2020, Vietnam's tuna products exported to the EU gradually have an advantage
    .
    Statistics from the General Administration of Customs of Vietnam show that in the second quarter of 2021, Vietnam exported 9,360 tons of tuna to the EU market and earned 45.
    05 million U.
    S.
    dollars in foreign exchange.
    The export volume and export value increased by 43.
    9% and 59.
    3% respectively compared with the first quarter of 2021
    .

     
    Overall, in the first half of 2021, Vietnam exported 15,800 tons of tuna to the EU market, earning US$73.
    33 million in foreign exchange.
    The export volume and export value increased by 39.
    3% and 31.
    6% respectively over the same period in 2020, and they accounted for Vietnam’s export of aquatic products to the EU.
    15.
    2% and 15.
    1% of the total amount and total amount
    .
     
      It is worth noting that in the first six months of 2021, Spain and Italy are the markets where Vietnam's tuna exports are increasing
    .
    The export volume of tuna has grown strongly in Bulgaria and other markets, with an increase of 289% and 229% in export volume and 229%, respectively, and an increase of 989% and 608.
    6% in the Polish market, respectively
    .

     
      According to Eurostat statistics, in the first 4 months of 2021, Vietnam is the 8th largest tuna supplier in the EU, with total exports and total exports accounting for 4.
    9% and 5.
    8%, reaching 10,700 tons and 47.
    5 million euros (approximately).
    56.
    7 million U.
    S.
    dollars).
    Compared with the same period in 2020, total exports and total exports increased by 23.
    9% and 22.
    9% respectively, which were higher than the 4% when the EVFTA in the same period last year had not yet taken effect
    .
     
      On the other hand, the Philippines is the biggest competitor of Vietnamese tuna in ASEAN, but its market share has fallen sharply
    .
    This result fully reflects Vietnam's efforts to meet the EU market's regulations on combating illegal, unreported and unregulated fishing, and aims to enjoy the preferential treatment of tuna products under the Vietnam-EU Free Trade Agreement
    .
    (over)

    EU tuna
     
      According to the publication, with the commitment to cut tariffs immediately after the EVFTA agreement came into effect on August 1, 2020, Vietnam's tuna products exported to the EU gradually have an advantage
    .
    Statistics from the General Administration of Customs of Vietnam show that in the second quarter of 2021, Vietnam exported 9,360 tons of tuna to the EU market and earned 45.
    05 million U.
    S.
    dollars in foreign exchange.
    The export volume and export value increased by 43.
    9% and 59.
    3% respectively compared with the first quarter of 2021
    .

     
      Overall, in the first half of 2021, Vietnam exported 15,800 tons of tuna to the EU market, earning US$73.
    33 million in foreign exchange.
    The export volume and export value increased by 39.
    3% and 31.
    6% respectively over the same period in 2020, and they accounted for Vietnam’s export of aquatic products to the EU.
    15.
    2% and 15.
    1% of the total amount and total amount
    .
     
      It is worth noting that in the first six months of 2021, Spain and Italy are the markets where Vietnam's tuna exports are increasing
    .
    The export volume of tuna has grown strongly in Bulgaria and other markets, with an increase of 289% and 229% in export volume and 229%, respectively, and an increase of 989% and 608.
    6% in the Polish market, respectively
    .

     
      According to Eurostat statistics, in the first 4 months of 2021, Vietnam is the 8th largest tuna supplier in the EU, with total exports and total exports accounting for 4.
    9% and 5.
    8%, reaching 10,700 tons and 47.
    5 million euros (approximately).
    56.
    7 million U.
    S.
    dollars).
    Compared with the same period in 2020, total exports and total exports increased by 23.
    9% and 22.
    9% respectively, which were higher than the 4% when the EVFTA in the same period last year had not yet taken effect
    .
     
      On the other hand, the Philippines is the biggest competitor of Vietnamese tuna in ASEAN, but its market share has fallen sharply
    .
    This result fully reflects Vietnam's efforts to meet the EU market's regulations on combating illegal, unreported and unregulated fishing, and aims to enjoy the preferential treatment of tuna products under the Vietnam-EU Free Trade Agreement
    .
    (over)
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