Vietnamese aquatic products export to Japan:making full use of the openness of cptpp
By: Date: 2022-07-13 Categories: Internationalfood Tags: ,

Nguyen Meng Tong, the third secretary of the commercial department of the Vietnamese Embassy in Japan, said that in addition to the Vietnam Japan bilateral economic partnership agreement, the two countries are also members of the cptpp and the regional comprehensive economic partnership agreement (RCEP). It helps Vietnamese aquatic products have the opportunity to increase the amount of exports to this market.
Among the various free trade agreements implemented, Japan’s commitment in the field of aquatic products in the cptpp is relatively open, specifically, after the agreement comes into force, Japan will give Vietnam 65%tariff free items; After the agreement comes into force, tariffs will be reduced on the remaining tax items six to 16 years later. The openness of the agreement is even higher than that of the Vietnam Japan bilateral economic partnership agreement, because Japan has also eliminated the tax items they did not commit to in the Vietnam Japan bilateral economic partnership agreement.
Another advantage is that cptpp accepts the cumulative rule of origin, which means that Vietnamese enterprises can import raw materials from 11 members of the agreement and export to Japan, while still enjoying relevant tax preferences.
At present, Japan is Vietnam’s third largest export market for aquatic products. In the first may of this year, the export volume of aquatic products to Japan reached more than 638 million US dollars, accounting for 13.6%of the total export volume of aquatic industry.
Although cptpp has opened the door to the export of Vietnamese aquatic products to Japan, Japan is the most”demanding” market in the world, and compliance with its regulations is a necessary condition for Vietnamese aquatic products to gain a foothold in this market.
The representative of Vietnam’s commercial office in Japan said that enterprises should pay special attention to the provisions on food safety and hygiene, antibiotic residues in aquatic products, etc., in order to safeguard the interests of enterprises and protect the image of Vietnam’s aquaculture industry. (end)