Agriculture, Forestry And Fishery: 6 Key Export Markets In 2016

February 25, 2016

2016 is expected to be a promising year for agriculture, forestry and fishery export due to the increase in market demand, huge opportunity on tax incentives and increased competitiveness from recent free trade agreements.

New planning techniques

Agricultural products that possibly have potential increase in export in 2016 include cashews, pepper, wood, cassava and vegetables.

Accordingly, key markets to export agricultural products and seafood are USA, European, ASEAN, Russia, Eastern Europe countries, China and Africa.

Among key export markets, US market is forecasted to be the most optimistic with upward trend in demand and expected to have steady demand for Vietnam goods. This information has been released at the “Promoting Vietnam agricultural products trade” talk between Ministry of Agriculture and Rural Development (MARD) and Ministry of Industry and Trade (MOIT) held on 18^th February in Hanoi.

Mr. Le Van Banh – Head of Agro-Forestry, Seafood Processing and Salt Industry said US market is not too fastidious and the requirements on food safety and quality is still not very strict. Furthermore, in upcoming period, Vietnam could take advantages of TPP.

According to Mr. Banh, over the past few years, wood and wooden products, seafood contribute a remarkable share of the total export turnover of Vietnam to USA. In addition, US market is the leading importer of other Vietnam agricultural commodities such as cashew, pepper, coffee and sedge, bamboo, rattan products. This market also consumes a large amount of rubber, tea and vegetables.

On one hand, the attractiveness of US market also implies a fierce competition in exporting, especially major competitors of Vietnam like China, Thailand and Indonesia – countries that has similar export commodities to Vietnam.

On the other hand, technical and trade barriers create difficulty for Vietnam enterprises. For example, anti-dumping tax for pangasius becomes high, requirements from inspection program on pangasius according to Farmbill 2014 take effects since March, 2016.

Therefore, in 2016, MARD plans to organize negotiation activities to remove difficulties on pangasius and enhance networking among enterprises. As planned, in the second quarter of 2016, MARD will expand export market for tea products in USA.

Besides, free trade agreements with EU has accomplished and opens up new opportunities for Vietnam agriculture when 90% of goods in this market enjoys 0% tax rate.

In order to actively adapt to the fluctuation of international economy, ensure the effective integration, be ready to respond to trading issues, Mr Tran Thanh Nam - Deputy Head of MARD proposed Vietnam trading representative offices in foreign countries to strengthen coordination and ensure timely resolution for technical barriers, trading issues of agriculture, forestry and fishery.

Mr. Nam also expresses his desire to strengthen the coordination between MARD and MOIT in promoting Vietnam’s agriculture, forestry and fishery to international market, maintaining and developing potential markets such as Middle East countries (UAE, Saudi Arabia, Iran), African countries, traditional markets such as ASEAN, EU. At the same time, it is necessary to find and diversify new export markets.

Dung Nguyen

Source: doanhnhansaigon.vn

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