Vietnamese tuna exports dive
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.