January 21, 2019
Thailand sees resurgence of seafood exports as EU lifts 'yellow card'
After the European Union lifted the "yellow card" it had hoisted on Thai fisheries, European importers responded positively, expecting to see a clear result in the next six months to one year, The Nation reported.
Last Jan. 8 the European Commission decided that Thailand had addressed sufficiently the issues related to illegal, unreported and unregulated (IUU) fishing. It thus lifted the yellow card, or warning from the European Union that the country had not solved the IUU fishing issue.
Seafood orders from importers have declined for the past three years as buyers stayed away from Thai fishery products due to the IUU issue.
"Fishery trading between Thailand and the EU will see a change in about six months to one year," said Thai Deputy Prime Minister Chatchai Sarikulya, after chairing a meeting of importers of Thai fishery products in Belgium, as per The Nation report.
Guss Pastoor, chair of the European Federation of Fish Processors, further said that the EU needs about 12 million tonnes of fishery products each year, 40% of which must be imported.
The EU imports shrimp and squid, as well as tuna, but has purchased less of them continuously in the past four to five years due to Thailand's IUU fishing problems, the currency and more sources of fishery production, Pastoor said.