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Vietnam worried about losing Japanese tuna market

It says high tariffs make it hard to compete.

Vietnam's 2016 exports grew 9 percent in value to more than $500 million (€465.5 million), but its exports to Japan were less than $20 million (€18.6 million) last year, according to Vietnam.net. In comparison, the country exported $54 million (€50.3 million) to Japan in 2012.

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 Vietnam fell from third to sixth place last year on Japan's list of top tuna import countries. The country said its high import tariff makes it difficult to compete with Thailand and the Philippines, which have zero percent tariffs when exporting to Japan, according to the news site.

The Vietnam Association of Seafood Exporters and Producers (VASEP) urged the Ministry of Industry and Trade to add tuna to the list of products subject to tariff cuts when the ministry negotiates the Vietnam-Japan Economic Partnership Agreement (VJEPA), according to the news site.

So far in January this year, Vietnam's tuna exports amounted to nearly $34 million (€31.7 million) with Japan being the country's fourth-largest market.

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