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Vietnam eyeing more pangasius sales to Russia

Vietnam's seafood export group believes that pangasius producers can find opportunity in Russian markets due to the country's ongoing import ban on most western countries' seafood.
Update: (11/5/2016)


The Vietnam Association of Seafood Exporters and Producers (VASEP) said that as the Russian import ban, which was brought against the US and many European countries after Russia was sanctioned for invading Ukraine, drags on, opportunities grow for Vietnam to boost exports.

VASEP cited South American countries such as Chile increasing salmon exports to Russia as evidence of this as well as an uptick in Vietnamese producers signing contracts with Rosselkhoznadzor, the Russian body responsible for overseeing the quality of food imports, to increase delivery levels.

Additionally, the organization said that a free trade agreement between Vietnam and the Eurasian Economic Union that came into effect October 5, 2016 will also help.

It is expected to aid local companies in competing in the Russian market through the removal of tariffs, which currently stand at 5.63%, and other trade barriers.


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