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Seafood Trade Advisory Group update
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STAG ‘News Bites’ contain informal translations of Asian media. If you would like more information about the articles below, please contact the original source, or Simon Liu at song.liu@frdc.com.au

China Australia FTA Brings Opportunities for More Seafood into Fuzhou City, Fujian Province, China
 

Fuzhou Daily, 18 June 2015

Mr WEN Yonghui of the Yonghui Supermarket said that the reduction of import tariffs in China-Australia would lower import cost. For example, the frozen Australian Abalone imported by them during the Spring Festival, the Chinese New Year, were of large size, with each piece weighing around 200 grams at a price above 100 yuan. When import tariff becomes free, the price will fall below 100 yuan.
(Read more)

Haikui Aquatic Products Group to Set Up Milk Fish Processing Factories in Taiwan
 

Aquainfo.cn, 4 June 2015

The processing factories would process fish maw, fish balls, minced fish, fish scale, and fish collagen. In April 2014, the Group signed agreements with companies in Taiwan, and purchased more than 2000 tonnes of Milk Fish from Taiwan, worth US$ 6.5 million by the end of last year.
(Read more)

Signing of China-Australia FTA to Reduce Prices of Australian Milk Powder and Seafood
 

www.ksxfp.org, 15 June 2015

After the signing of China-Korea FTA at the beginning of June 2015, Australia will sign the FTA with China on 17 June 2015.  As the 12th largest economy in the world, Australia will become the largest developed economy to sign the FTA with China.
(Read more)
 

USA: Lobsters vs. Langostinos
 

SeafoodSource associate, 14 June 2015

Langostinos have been used by retailers and restauranteurs as an inexpensive addition and alternative to lobster previously, a trend that could arise once more if prices remain high during summer months when demand typically increases.
(Read more)

Korea: Preparations needed for Vietnamese businesses to seize FTA opportunities


Economy, 17 June 2015

Vietnam is the third largest seafood supplier of Korea with an annual growth rate of 19 percent.
(Read more)
 

Tasty Ways to Boost Singapore’s Food Self-Sufficiency
 

Jakartar Globe, 7 June 2015

According to Edible Garden City, they managed to hatch over 800 thousand kilograms of fish annually, which is still a fraction compared to the seafood they import from Indonesia, Malaysia and other countries in the region.
(Read more)
 

STAG News Bites are available at http://www.seafoodtradeadvisory.com
 

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