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Vietnam’s shrimp export to Japan shows signs of recovery

The export of Vietnamese shrimps to Japan has shown signs of recovery this year, after a 9.2-percent decrease in 2018.
Vietnam’s shrimp export to Japan shows signs of recovery ảnh 1Shrimp processing for export (Source: VNA)

Hanoi (VNA) –The export of Vietnamese shrimps to Japan has shown signs of recovery thisyear, after a 9.2-percent decrease in 2018.

In February, Japan wasthe only market among the seven largest importers of Vietnamese shrimps postinga rise with a growth rate of 14.7 percent.

The increase wasattributed to advantages of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), which began taking effect in January.

In addition, theexport of shrimps to Japan in 2019 is expected to achieve two-digit growthcompared to 2018 as all import tariffs of Vietnam’s aquatic products exportedto Japan will be reduced to zero percent within this year thanks to the Vietnam-JapanEconomic Partnership Agreement.

Japan is currently thesecond largest export market for Vietnamese shrimp, accounting for 18 percentof the total in value.

The shrimp exportvalue to this market reached 639.4 million USD last year, down 9.2 percentyear-on-year.-VNA
VNA
#Vietnamese shrimps#export#Japan#CPTPP#signs of recovery#Vietnam-Japan Economic Partnership Agreement#Vietnam#Vietnamplus#Vietnam News Agency
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