The Russian Federal Service for Veterinary and Phytosanitary Supervision (FSVPS) have recently added two more seafood enterprises to the list of Vietnamese firms permitted to export to the Eurasian Economic Union (EAEU), as of May 4.

In the updated list, the two eligible enterprises include Hung Ca Co., Ltd (DL 126) and Vinh Hoan Joint Stock Company (DL 500).

One of the key export items to the EAEU market are frozen pangasius fillet that are produced in seafood facilities coded DL 126 and DL 500.

In line with this, the Centers for the Agro-Forestry-Fisheries Quality Assurance in Vietnamese localities have been assigned to grant certificates of quarantine for products coded DL 126, DL 500.

Furthermore, local businesses have been advised to ensure they follow all regulations on food safety in terms of processing and exporting seafood products to the demanding market.

According to statistics compiled by the General Department of Vietnam Customs, despite global trade fluctuations and the negative impacts of the COVID-19 pandemic, trade turnover between the nation and EAEU during the 11-month period last year surged by 13.1% to reach US$12.7 billion.

Moreover, Vietnam and countries that make up the EAEU have also established solid co-operation frameworks, including the signing of the Vietnam-EAEU Free Trade Agreement (FTA) and the EU-Vietnam Free Trade Agreement (EVFTA).

These FTAs provide the basis for greater future co-operation in the fields of economics, trade, and investment between Vietnamese and EAEU enterprises.

In order to utilise incentives from these FTAs, local firms have been advised to actively survey the market, participate in trade fairs and exhibitions, as well as effectively selecting the proper form of transport to export to the fastidious market amid escalating logistical costs.

Source: VOV

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