According to Tuoi Tre News, Vietnamese tuna exports to the UK have experienced significant growth, increasing from $5.1 million in 2021 to nearly $8 million in 2024. In the first two months of this year, exports rose by 24% compared to the same period last year. This growth is largely attributed to free trade agreements like the UKVFTA and CPTPP, which have reduced tariffs and simplified rules of origin. British consumers show a preference for canned tuna, and Vietnamese products are becoming increasingly competitive in the UK market, ranking as the third most consumed fish after salmon and cod. The CPTPP agreement has eliminated the tax on processed and canned tuna from Vietnam, while the UKVFTA allows for a 0% tax rate within a quota of 11,500 tons. In 2024, tuna represented 10% of Vietnam’s total seafood export turnover.
Key Takeaways:
- Significant Export Growth: Vietnamese tuna exports to the UK are on a strong upward trend.
- Free Trade Benefits: Agreements like UKVFTA and CPTPP are key drivers of this growth.
- Market Competitiveness: Vietnamese tuna is gaining traction in the UK market.
- Reduced Tariffs: Trade agreements have significantly reduced or eliminated tariffs.
- Contribution to Export Turnover: Tuna accounts for a notable portion of Vietnam’s seafood exports.
Source: Tuoi Tre News
