Tra fish exports to Japan skyrocket in four months
Wednesday, May 15,2019AsemconnectVietnam - Tra fish exports to Japan leaped by 61.5 per cent on year to reach US$11.54 million in the first four months of the year, thus putting the Japanese market on the list of top ten importers of such product for the first time.
Japan was ranked 8th among the ten biggest importers of Vietnamese tra fish with the import value reaching US$11.54 million. Most notably, the value of tra fish exports to Japan was higher than those recorded from the United Arab Emirates, Egypt, Germany, and Belgium.
Tra fish exports currently enjoy tariff incentives from Japan. According to preferential treatment under the Economic Partnership Agreements (EPA) announced by Japan Customs, fresh and frozen catfish fillets imported from Thailand, Mexico, Chile, and the Philippines have been immune from tariffs since April, while those shipped from the ASEAN block are subject to a tariff rate of 3.5 per cent.
More importantly, several aquatic products sent to the Japanese market are immune from tariffs according to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which both Vietnam and Japan are signatories to. The CPTPP allows tra fish products to be exempt from the tariffs of 3.5 to 10.5 per cent as imposed previously.
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