August 17, 2025 | 16:01 GMT +7
Hotline: 0913.378.918
August 17, 2025 | 16:01 GMT +7
Hotline: 0913.378.918
International trade in agricultural products thrive with stable and predictable rules adhered to by governments. Photo: Canva.
International trade in agricultural products thrive with stable and predictable rules adhered to by governments, as a publication by the Agricultural Market Information System showed earlier this month.
The trade war is a source of great concern within world trade negotiations, from which the American government has previously distanced itself. China and Canada have already registered complaints at the world trade talks about the trade measures taken by the US.
Within the WTO consultations, many countries have emphasised the importance of resolving trade conflicts through dialogue and cooperation within the WTO framework.
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The imposition of tariffs by the US has provoked reactions from several trading blocs. For example, the European Commission decided to impose additional levies on – among other things – corn, rice, wheat, vegetable oils, poultry meat and beef, fruit, vegetables, nuts, eggs, dairy and sugar from the US.
Within the US, the Department of Agriculture has allocated US$10 billion to support agriculture as it faces higher prices and market uncertainties.
The Association of Southeast Asian Nations (ASEAN) states that it is important that international trade rules are respected, partly because of the importance of the food sectors and agriculture.
The WTO’s Global Trade Outlook and Statistics shows that prices played a small role in the value of global agricultural trade growth last year. Trade in agricultural products rose 3% in value, roughly equal to the 4% global increase in the average price of agricultural products in US dollars, according to World Bank statistics. This price increase was mainly a result of higher prices for coffee, tea and cocoa, which rose by an average of 64% last year. Excluding coffee, tea and cocoa from the statistics, prices fell by 8%, which may have increased trade in most agricultural products.
(Poultryworld)
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(VAN) In addition to maintaining and developing the U.S. market, Vietnam's wood industry is accelerating exports to other potential markets through participation in international trade fairs.
(VAN) The 50% tariff imposed by the Trump administration on Indian goods has reshaped trade flows in the United States, providing Pakistan an opportunity to expand its share in the American aromatic rice market.
(VAN) However, to maintain its position, Vietnam’s rice industry still needs to address existing bottlenecks, meet increasingly stringent quality standards, and develop strategies to diversify its markets.
(VAN) Although Vietnamese agricultural products have grown strongly in recent years, they still account for only 2% of the market share in the EU.
(VAN) To streamline trade, the Ministry of Agriculture and Environment will collaborate with other ministries to develop a new legal framework that minimizes administrative procedures for exporting AFF products.
(VAN) Reciprocal tariffs will pose major challenges for seafood exports at the end of this year. The sector needs raw material bottlenecks removed to boost exports.
(VAN) World's top potash producer, expects increased fertilizer use by North American farmers this autumn and a healthy global potash market in 2026 despite some crop prices being at multi-year lows, company executives said.
