Aquatic sector capitalises on opportunities from FTAs
Vietnamese shrimp exports are anticipated to enjoy robust growth this year thanks to an array of advantages from bilateral and multilateral free trade agreements (FTAs), according to the Directorate of Fisheries.
Furthermore, the local shrimp industry is set to enjoy other favourable factors such as the continued recovery in the global import demand for shrimp, especially in major markets such as the EU, the United States, Japan, China, and the Republic of Korea.
Tran Dinh Luan, director of the Directorate of Fisheries, revealed that the nation has been in the process of implementing 16 FTAs with markets that have set forth stringent requirements regarding food safety and hygiene.
Due to this, experts have advised manufacturers and processing enterprises to thoroughly prepare a range of technical solutions and trade promotion schemes in a bid to gain entry to demanding markets in a proactive manner.
As a way of fully tapping into various market opportunities, Luan emphasised the necessity of improving productivity and product quality with a particular focus on both input materials and the shrimp production chain.
He also underscored the importance of strengthening the origin traceability and reducing input costs for shrimp products to further boost exports to the fasdious markets in the future.
