Economics

Leveraging FTAs for fisheries to thrive

Translated by VAN GIANG Dec 03, 2024 20:19

(QNO) - Free Trade Agreements (FTAs) create significant opportunities for Vietnam's fisheries sector, including Quang Nam.

Quang Nam aims to leverage FTAs to boost seafood exports.

Quang Nam's export-import strategy aims for an average annual export growth of 15 - 16% from 2021 to 2030, focusing on increasing the share of agricultural, forestry, and fishery products with an average growth rate of 3 - 3.5% per year.

Quang Nam's seafood exports have steadily grown, reaching $88 million from 2020–2023 with a 2.5% annual growth rate and over $15 million in the first eight months of 2024, focusing on products like octopus, frozen shrimp, and tuna steak.

Leveraging FTAs, the province is advancing aquaculture with high-tech white-leg shrimp farming and developing marine aquaculture for export. Modernized fishing operations further boost offshore harvests and production.

Safe, quality white-leg shrimp for seafood exports

Quang Nam aims for sustainable seafood exports by meeting ASC standards, enabling access to premium markets like the EU, UK, and US. Close coordination among sectors and agencies is essential to overcome technical barriers and ensure quality, traceability, and competitiveness under FTAs.

Efforts focus on boosting farmed seafood, reducing wild-catch proportions, and protecting resources. Investments in high-tech aquaculture zones in Nui Thanh and Thang Binh will create sustainable, quality-focused production chains, ensuring stable raw material supply for processing plants.

(0) comments
Hightlight
Latest
Leveraging FTAs for fisheries to thrive
POWERED BY ONECMS - A PRODUCT OF NEKO