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 resources. To eliminate the destructive fishing practices, the whole value chain of fish trade needs to be well regulated. Trade-related policy measures...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	AQUACULTURE SEAFOOD INDUSTRY FISHERIES REGULATION ILLEGAL FISHING TRADE EXPORT MARKET
Online Access:	http://documents.worldbank.org/curated/en/961181628512592411/A-Trade-Based-Analysis-of-the-Economic-Impact-of-Non-Compliance-with-Illegal-Unreported-and-Unregulated-Fishing-The-Case-of-Vietnam http://hdl.handle.net/10986/36132

id	okr-10986-36132
recordtype	oai_dc
spelling	okr-10986-361322021-08-17T05:11:02Z A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam World Bank AQUACULTURE SEAFOOD INDUSTRY FISHERIES REGULATION ILLEGAL FISHING TRADE EXPORT MARKET Illegal, unreported and unregulated (IUU) fishing is a threat to the sustainable use of fishing resources. 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 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 twenty years. 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. 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. The main objective of this study is to assess the economic impact of the IUU yellow card, and a possible red card, on Vietnam’s fisheries sector in the short term and medium term. The report also reviews the new challenges faced by the seafood sector as a result of the Coronavirus Disease (COVID-19) pandemic. 2021-08-16T19:09:45Z 2021-08-16T19:09:45Z 2021-08-06 Report http://documents.worldbank.org/curated/en/961181628512592411/A-Trade-Based-Analysis-of-the-Economic-Impact-of-Non-Compliance-with-Illegal-Unreported-and-Unregulated-Fishing-The-Case-of-Vietnam http://hdl.handle.net/10986/36132 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Agricultural Study East Asia and Pacific Vietnam
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AQUACULTURE SEAFOOD INDUSTRY FISHERIES REGULATION ILLEGAL FISHING TRADE EXPORT MARKET
spellingShingle	AQUACULTURE SEAFOOD INDUSTRY FISHERIES REGULATION ILLEGAL FISHING TRADE EXPORT MARKET World Bank A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
geographic_facet	East Asia and Pacific Vietnam
description	Illegal, unreported and unregulated (IUU) fishing is a threat to the sustainable use of fishing resources. 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 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 twenty years. 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. 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. The main objective of this study is to assess the economic impact of the IUU yellow card, and a possible red card, on Vietnam’s fisheries sector in the short term and medium term. The report also reviews the new challenges faced by the seafood sector as a result of the Coronavirus Disease (COVID-19) pandemic.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
title_short	A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
title_full	A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
title_fullStr	A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
title_full_unstemmed	A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam
title_sort	trade-based analysis of the economic impact of non-compliance with illegal, unreported and unregulated fishing : the case of vietnam
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/961181628512592411/A-Trade-Based-Analysis-of-the-Economic-Impact-of-Non-Compliance-with-Illegal-Unreported-and-Unregulated-Fishing-The-Case-of-Vietnam http://hdl.handle.net/10986/36132
_version_	1764484534128082944

A Trade-Based Analysis of the Economic Impact of Non-Compliance with Illegal, Unreported and Unregulated Fishing : The Case of Vietnam

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