Vietnamese shrimp to enjoy zero tax rate in Japan

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Vietnamese shrimp to enjoy zero tax rate in JapanJapan is considering abolishing tax rates imposed on seafood, including Vietnamese shrimp, imported into its market.

The Japanese daily Nikkei reported Japan will grant a zero tax rate on seafood imports from a number of countries, including tuna from Australia, crab from Canada, shrimp from Vietnam and fish powder from Peru and Chile.

However, Japan will still impose tax on seaweed products to protect local farmers’ interests.

Japanese seafood imports hit US$14.4 billion in 2012 and the figure is expected to increase considerably when the Trans-Pacific Partnership (TPP) agreement is signed.

(VOV)

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