HCMC – Several tra fish exporters have now tended to shift to the U.S. market due to difficulties in the European Union (EU) market, but fisheries officials after a survey trip to processors in the Mekong Delta have warned against such a rush.
Fish exporters told not to rush for U.S. market
By Pham Thai - The Saigon Times Daily
HCMC – Several tra fish exporters have now tended to shift to the U.S. market due to difficulties in the European Union (EU) market, but fisheries officials after a survey trip to processors in the Mekong Delta have warned against such a rush.
The EU market has become more difficult, and thus tra fish exporters are planning to turn to the U.S., said Nguyen Thi Hong Minh, former Deputy Minister of Fisheries, at a conference held by the Vietnam Association of Seafood Exporters and Producers (Vasep) on Tuesday.
According to Minh, this situation may result from the outcome of the seventh administrative review (POR7) for anti-dumping duties on tra fish announced by the U.S. Department of Commerce (DOC) in March, thereby tariffs were lowered enticing local exporters. Besides, exporters are in need to maintain outbound shipments for their products after a demand drop in EU.
“Relevant agencies need to monitor this movement of exporting firms as it may pose an anti-dumping risk in this important market,” Minh said.
According to Nguyen Thanh Bien, Deputy Minister of Industry and Trade, if no intervention is made soon, there will be many risks for the next anti-dumping review for tra fish export.
According to statistics of Vasep, the export turnover of tra fish to EU, mainly in Spain, the Netherlands, Germany and Italy, was over US$169 million in the year’s first five months, down 14% from the same period last year. Meanwhile, the export to the U.S. in the period reached US$127.6 million, up 44%.