If the US Government removing some of the tariffs imposed on products, including tuna products imported from China, competition in the US tuna market will increase and many firms will face losing a market share to China, including Vietnamese enterprises.

Minister of Industry and Trade Nguyen Hong Dien and EU Commissioner for Agriculture Janusz Wojciechowski have affirmed the need to step up economic and trade ties, especially amid complicated market uncertainties making it urgent to guarantee sustainable supply chains and food security.

Vietnam stands ready to cooperate with the EU in various fields, especially in building a global food system amid growing uncertainties.

Raw material shortages are hampering global supply chains due to geopolitical tensions and China’s zero covid strategy. Such shortages have also impacted Vietnam. Vietnam Briefing examines seven industries that are particularly impacted and how they are coping with the challenge.

G20 economies continued to exercise restraint in the use of trade-restrictive measures despite increasing economic uncertainty aggravated by the COVID-19 pandemic and the war in Ukraine, according to the 27th WTO Trade Monitoring Report on G20 trade measures issued on 7 July.

Việt Nam has set a target that the export value of agricultural, forestry and fishery products to the EU market will reach US$5-5.5 billion by 2025.

Australia vowed Saturday to stand up for itself in dealing with China, after reporting no breakthroughs in high-level talks where it pressed Beijing to drop punitive trade sanctions.

On July 1, the European Union (EU) and the United Kingdom (UK) stepped back from the brink of a trade war.

Russia is looking to enhance its trade connectivity access to the Middle-east and South Asia, with Iran strategically important in allowing it to do so.

Two-way trade turnover between Vietnam and Japan during the opening six months of the year hit more than US$20 billion, according to the latest figures released by the General Department of Vietnam Customs.