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According to data from the International Trade Center (ITC), Japan's seafood imports in 2021 will amount to US$13.
7 billion, of which 1.
24 billion (9%) are directly imported from Russia, and this part also accounts for about 21% of Russia's seafood exports
.
7 billion, of which 1.
24 billion (9%) are directly imported from Russia, and this part also accounts for about 21% of Russia's seafood exports
.
Earlier, Japanese Prime Minister Fumio Kishida announced that Japan will reach coordination with G7 countries to cancel Russia's "most-favored-nation" treatment in response to Russia's special military operation against Ukraine
.
.
However, an official from Japan's Ministry of Agriculture, Forestry and Fisheries recently said that sanctions against Russia will not only affect the Japanese processing industry, but also have a collateral impact on the entire catering sector
.
As a result, the Japanese official declined to comment on whether to impose tariffs on Russian seafood
.
.
As a result, the Japanese official declined to comment on whether to impose tariffs on Russian seafood
.
"Currently the government is conducting a comprehensive assessment and considering and coordinating specific measures, and we do not wish to comment on this for the time being,
" he told UCN
.
" he told UCN
.
Historically, the cost of increasing tax rates has either been absorbed by the supply chain or paid for by consumers; importers must also adjust their purchasing strategies and break existing trade rules, which will also generate more spending
.
.
In 2021, Japan's imports of roe, sockeye, crab and sea urchins from Russia will total $923 million, accounting for 77% of the total imports to Russia
.
Russia is also Japan's largest supplier of roe and crab, with exports of US$404 million and US$295 million, accounting for 79% and 81% of Japan's imports
.
.
Russia is also Japan's largest supplier of roe and crab, with exports of US$404 million and US$295 million, accounting for 79% and 81% of Japan's imports
.
