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Exports are expected to resume in the last few months of this year, but at a slow pace
.
According to Li Heng, deputy director of the VASEP P.
RO Center, Vietnam’s exports of aquatic products to the EU will decrease by 26% to US$960 million in 2020, mainly due to Brexit
.
The United Kingdom is a large import market in the European Union.
The average annual import value of aquatic products imported by the United Kingdom from Vietnam amounts to 280 to 340 million US dollars
.
Therefore, if only the 27 EU countries (except the United Kingdom) are counted, exports to the EU area will not decrease in 2020
.
In the context of the epidemic and the IUU yellow card, the stability of Vietnam's exports to the EU indicates that the EVFTA agreement has promoted exports to this market
.
RO Center, Vietnam’s exports of aquatic products to the EU will decrease by 26% to US$960 million in 2020, mainly due to Brexit
.
The United Kingdom is a large import market in the European Union.
The average annual import value of aquatic products imported by the United Kingdom from Vietnam amounts to 280 to 340 million US dollars
.
Therefore, if only the 27 EU countries (except the United Kingdom) are counted, exports to the EU area will not decrease in 2020
.
In the context of the epidemic and the IUU yellow card, the stability of Vietnam's exports to the EU indicates that the EVFTA agreement has promoted exports to this market
.
In the first nine months of this year, the epidemic affected logistics, especially in the third quarter, which affected the supply chain.
Vietnam’s aquatic products exports to the EU increased by nearly 4% to US$744 million
.
This positive result is partly due to EVFTA's preferential tariffs
.
Vietnam’s aquatic products exports to the EU increased by nearly 4% to US$744 million
.
This positive result is partly due to EVFTA's preferential tariffs
.
Since August this year, due to the intense outbreak of the epidemic in Ho Chi Minh City and 19 southern provinces and cities, the export of aquatic products has continued to decline, affecting the production of domestic raw materials and reducing the opportunity to take advantage of tax incentives
.
.
