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Big potential to export tuna to France PDF Print
Monday, 25 September 2017 11:17

VIETRADE – France is the second largest tuna importer in the European Union. It is also one of the top 20 biggest tuna buyers in Vietnam in the first seven months of 2017.


According to the International Trade Center (ITC),France is increasing tuna imports from other countries in 2017. Ending May,France imported 48,000 tons of tuna products, equivalent to US$246 million, a rise of 10% in volume and 13.5% in value year-on-year.


France spent US$1.2 million to import all kinds of tuna in the first seven months of this year, up 59.2% over the same period of last year, statistics of the General Department of Vietnam Customs showed.


Among products,Franceis importing a lot of canned tuna and frozen tuna loins and fillets. A main reason is the increasing internationalized process which has driven French tuna companies to gradually move their processing plants to the countries with lower production costs and location near the loading area.


Canned tuna is accounting for over 81% of total tuna imports ofFrancewhile frozen tuna loins and fillets makes up 6%.


Big potential

The EU is one of the three biggest importers of Vietnamese tuna products. Tuna exports to this economic bloc raked US$58 million in the first half of this year, up 14% over the same period of last year.


Frozen tuna loins and fillets were the main export products, accounting for 40 per cent of total Vietnamese export value, followed by canned tuna with 34%.


With tariff and location preferences, the African, Caribbean and Pacific Group of States (ACP) and South American countries are dominating France’s tuna market, while Asian countries have modest market shares here.


However,Franceis increasing imports from Asian countries including the Philippines,South Korea,Indonesia and Vietnam.


According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Vietnam-EU Free Trade Agreement has not specified quotas or guidelines for tuna exports to the EU. Therefore, the association has suggested Vietnam Directorate of Fisheries and the Ministry of Agricultural and Rural Development to consult with the Ministry of Industry and Trade to promote and agree with the EU on the quota mechanism for Vietnam’s tuna exports.

Vietnam exports tuna to 79 countries and territories. The eight major tuna export markets included the United States, EU, Israel, ASEAN, Japan, Canada, China and Mexico, accounting for 88% of total tuna export value in the first 6 months of this year.

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