Date of Publication
2021 12:00 AM
Security Theme
IUU Fishing
Keywords
IUU Fishing, IUU fishing, fishery management system, fishing fleets, Yellow Card Case, Red Card Case, Sri Lanka, Thailand, Vietnam
Description
Illegal, unreported and unregulated (IUU) fishing is a threat to the sustainable use of fishing . To eliminate the destructive fishing practices, the whole value chain of fish trade needs to be well regulated. Trade-related policy measures show potential for contributing towards the elimination of unsustainable fishing practices. The EU’s launch of the IUU-combating fishing program and the introduction of measures to deal with countries that exploit, produce and export fishery products with illegal fishing origin, is indispensable in addressing harmful trends and a concern of the whole world, especially the fishing community. The program includes the flagship use of a warning card system. The EU is a very important trading partner for Vietnam and major importer of Vietnam’s fish products, of which seafood plays an important role. The EU market helps pave the way for Vietnamese seafood to enter the world market. Vietnam’s seafood export to the EU has increased sharply over the past 20 years, from USD 90 million in 1999 to nearly USD 1.5 billion in 2017 (and since decreased to closer to USD 1.3 billion in 2019). The year of 2017 marked a critical turning point for Vietnam’s fisheries when the EU issued a yellow card warning to Vietnam for not cooperating and making enough efforts to combat IUU fishing. The EU made nine recommendations to improve the Vietnamese fisheries management system following the warning. Over the past two years, the Government of Vietnam, ministries and the entire Vietnamese fishing community have actively improved to meet the recommendations of the EU to remove the IUU yellow card. The EU has appreciated Vietnam’s efforts to combat IUU exploitation, however, so far, the IUU yellow card has not yet been removed. In the past two years, the quantity of seafood exports to the EU have decreased significantly, showing the immediate impact of the yellow card warning on Vietnam’s seafood industry. However, that is only part of the negative impact as visible in export figures. There will be many other consequences from the IUU yellow card warning and the impact will be more serious if Vietnam does not remove the yellow card soon or receives a red card warning.
Report Location
A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing: The Case of Vietnam
Illegal, unreported and unregulated (IUU) fishing is a threat to the sustainable use of fishing . To eliminate the destructive fishing practices, the whole value chain of fish trade needs to be well regulated. Trade-related policy measures show potential for contributing towards the elimination of unsustainable fishing practices. The EU’s launch of the IUU-combating fishing program and the introduction of measures to deal with countries that exploit, produce and export fishery products with illegal fishing origin, is indispensable in addressing harmful trends and a concern of the whole world, especially the fishing community. The program includes the flagship use of a warning card system. The EU is a very important trading partner for Vietnam and major importer of Vietnam’s fish products, of which seafood plays an important role. The EU market helps pave the way for Vietnamese seafood to enter the world market. Vietnam’s seafood export to the EU has increased sharply over the past 20 years, from USD 90 million in 1999 to nearly USD 1.5 billion in 2017 (and since decreased to closer to USD 1.3 billion in 2019). The year of 2017 marked a critical turning point for Vietnam’s fisheries when the EU issued a yellow card warning to Vietnam for not cooperating and making enough efforts to combat IUU fishing. The EU made nine recommendations to improve the Vietnamese fisheries management system following the warning. Over the past two years, the Government of Vietnam, ministries and the entire Vietnamese fishing community have actively improved to meet the recommendations of the EU to remove the IUU yellow card. The EU has appreciated Vietnam’s efforts to combat IUU exploitation, however, so far, the IUU yellow card has not yet been removed. In the past two years, the quantity of seafood exports to the EU have decreased significantly, showing the immediate impact of the yellow card warning on Vietnam’s seafood industry. However, that is only part of the negative impact as visible in export figures. There will be many other consequences from the IUU yellow card warning and the impact will be more serious if Vietnam does not remove the yellow card soon or receives a red card warning.
Comments
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