Viet­namese tuna ex­ports dive

China Daily (Canada) - - BUSINESS -

Viet­namese tuna ex­ports to Ja­pan plunged sharply af­ter the fish were levied with an im­port tax of 6.4-7.2 per­cent by Ja­pan, ac­cord­ing to Viet­nam As­so­ci­a­tion of Seafood Ex­porters and Pro­duc­ers on Wed­nes­day. In com­par­i­son, tuna ex­ports by Thai­land and the Philip­pines to Ja­pan were ex­empted from the im­port tax, the as­so­ci­a­tion said. It added that the high im­port tax made it dif­fi­cult for Viet­namese tuna to com­pete with other coun­tries’ prod­ucts in the Ja­panese mar­ket. For years, Ja­pan had been Viet­nam’s third­largest tuna con­sumers. How­ever, since 2013, Viet­nam has seen con­tin­u­ous drop in tuna ex­port rev­enue to Ja­pan, hit­ting nearly $20 mil­lion in 2016.

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