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June 12, 2014

Vietnam/China

Informal Cross-Border Trade Stopped

 

Tensions and mob violence against Chinese in Vietnam has impacted the cross-border shrimp trade.  It has shut down much of the unregulated or informal border trade that avoided custom duties.  In the past, Ecuadorian shrimp was exported to Vietnam and then trucked across the border into China.  Now shrimp must go through official customs ports, which means paying the duties that used to be avoided.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Vietnam-China Tensions Forcing Fish, Shrimp Imports to Go Thru Official Channels.  Translation by Amy Zhong.  June 11, 2014.

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