Vietnamese tra fish faces difficulty in Brazil

The export of Vietnamese tra fish to Brazil is being delayed as Brazilian agencies have extended the time to grant tra import certificates from three to 120 days.

This has had a negative impact on Vietnam’s tra fish exports to the Brazilian market. Duong Viet Thang, deputy general director of the Southern Seafood Industry Joint Stock Company in Can Tho, said that, after signing contracts with Vietnamese tra exporters, Brazilian businesses registered for import certificates. Vietnamese tra exporters are only allowed to ship their products once their Brazilian customers receive their import certificates.

Previously, it took only three days to get the certificates. However, four months ago, Brazil increased this time to 60 days, and most recently to 120 days which has created troubles for both importers and exporters, added Mr Thang.

Brazil has also listed Vietnamese tra fish on its “special” list which imposes an import tax of 35 percent instead of the usual 10 percent import tariff.

In another development, 20 of Vietnam’s largest tra exporters agreed to a base export price for tra fillet of US$3 per kilo. This commitment has required local businesses to increase the quality of their tra fish, thus raising the status of Vietnamese products on the world market and avoiding anti-dumping lawsuits.

Feb 19^th, 2011

Source: vneconomynews.com