Mr.Vo Van Phuc, Director of Vietnam Clean Seafood Corporation, said that there will be difficulties in seafood exports to both the UK and the EU as Brexit causes devaluation of GBP and EURO. This will affect the competitiveness of Vietnamese seafood products exported to the UK in terms of price.
The VASEP also raised concern that exports to the UK will not enjoy preferential tax conditions from the free trade agreement (FTA) between Vietnam and the EU once it is approved.
Shirmp is considered as one of the products most affected by the Brexit as the UK is the largest importer of Vietnamese shrimp. According to the VASEP, shrimp exports to the UK reached 47.5 million USD by June 15, 2016, up 16 percent against the same period last year. However, the VASEP’s statistics showed that the growth of shirmp export has slowed down in recent time, with an increase of 21.6 percent in the first five months in comparison with a 39 percent rise for the four-month period.
