More Vietnamese businesses may soon be allowed to export aquatic products to Russia this year after a Russian working group made a fact-finding tour of some Vietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong Hoang Minh.


A tra fish processing factory (Photo: VNA)

Minh said Vietnam’s trade office in Russia had earlier held a working session with local agencies.

The move was made after Vietnam was given a "yellow card” warning by the European Commission in September 2017 for failing to progress in fighting illegal fishing, which could lead to a drop in aquatic exports to the EU and other markets.

The counsellor said exports to Russia have encountered difficulties recently since this country and the Eurasian Economic Union (EAEU), of which it is a member, limited aquatic product imports and only allowed 21 Vietnamese companies to ship products to Russia.

However, there are more than 500 Vietnamese businesses eligible to export to the EU and other demanding markets at present. Therefore, the trade office of Vietnam has worked with the Ministry of Agriculture and Rural Development to persuade Russian agencies to lift barriers to Vietnamese aquatic products.

It also invited relevant agencies of Russia and the EAEU to make fact-finding tours to Vietnam in an effort to have more companies be allowed ship aquatic products to these markets, Minh added.

In 2017, Vietnam exported 2.2 billion USD worth of goods to Russia, up 35 percent year on year. Commodities with high export growth included vegetables, fruits, cashew nuts, textiles-garments, wood products, machinery and spare parts.

The counsellor said the Vietnamese trade office in Russia will now focus on helping businesses boost shipments and capitalise on the Vietnam-EAEU Free Trade Agreement.

It will also continue working to understand regulations and commitments in the World Trade Organisation and free trade agreements, as well as possible trade barriers.

 

                            Source: VNA

Related Topics


Doan Ket commune promotes the internal resources to build new rural areas

(HBO)- Renovating and changing thinking, getting active participation of the people is the key to successful implementation of the National Target Program to build new rural areas in Doan Ket commune (Yen Thuy).

Lac Thuy district develops the lasting agriculture

(HBO)- Since the implementation of the new rural construction program, Lac Thuy district has set a target to increase the income of the people through the economic development in agricultural production.

Hoa Binh’s industrial production value exceeds 2.8 billion VND in December

(HBO) – According to a report from the Hoa Binh People’s Committee, in December last year, the provincial industrial production value was estimated at 2.83 trillion VND and the figure for the entire year, 32.52 trillion VND, surpassing the yearly target by 2.75 percent and increasing 15.6 percent year on year.

Hoa Binh: Yen Bong commune promotes breeding of Lac Thuy chicken brand

(HBO) - In the past 3 - 4 years, locals in Yen Bong commune of Lac Thuy district have expanded the scale of facilities for developing the chicken raising. Statistics show that the commune counts more than 40,000 chickens, mainly indigenous and Lac Thuy chicken breed. The model helps them improve their income, contributing to promoting the locality’s socio-economic development.

Tan Vinh commune earns new-style rural area recognition

(HBO) – The Luong Son district People’s Committee has held a ceremony marking the recognition of Tan Vinh commune as a new-style rural area. The event was attended by Vice Chairman of Hoa Binh provincial People’s Council Hoang Van Tu.

Investment projects contribute 440 billion VND to State budget

(HBO) – In 2018, the northwestern province of Hoa Binh had 450 new enterprises, with total registered capital worth 7.5 trillion VND (323 million USD). Besides, 24 firms dissolved and 150 others halted their operations in the year.