Thailand: Thailand and EU Seafood Yellow Card Will Lead U.S. Exports to Rise

The European Union (EU) issued a yellow card warning against Thailand in April 2015 over its failure to combat Illegal, Unreported and Unreported (IUU) fishing, jeopardizing the export of Thai fishery products. Since then, Thailand has confronted the issues identified by the EU by enacting new laws and enforcing regulations. Based on the actions taken by Thailand, on January 8, 2019, the EU delisted Thailand from its group of warned countries. Post’s analysis shows that the lifting of the IUU yellow card will likely increase exports to both EU and non-EU countries in 2019 and 2020. This is expected to increase market opportunities for U.S. fishery products, particular for products that are reprocessed in Thailand and then re-exported to other countries.   

Thailand: Thailand and EU Seafood Yellow Card Will Lead U.S. Exports to Rise