Vietnam raked in 114 million USD from tra fish export to the signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of June 15, a year-on-year increase of 10%, according to the General Department of Vietnam Customs.

Mexico was the largest buyer as it spent 31 million USD on the Vietnamese product, rising 35% against the same time last year, followed by Japan (18 million USD, up 35%), Canada (18 million USD, up 15%), and Singapore (16 million USD, up 0.2%).

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the trade pact has created momentum for the Vietnamese fisheries to “take off”, highlighting the implementation of the free trade agreement has facilitated enterprises’ market expansion and diversification while helping Vietnamese fishery products, including tra fish, better integrate into the global production and supply chains.

The association expected that tra fish shipment in the second half of the year will maintain its growth since prices and demands are stabilising, suggesting enterprises improve competitive edge, and study the benefits regarding tariff rates that the CPTPP have brought about to enhance export.