Illustrative image (Source: VNA) Hanoi (VNA) – Due to the poor competitiveness of livestock products, Vietnam’s breeding industry will be significantly impacted by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to experts. Pork, beef and milk are the products set to be the most influenced by the trade deal. According to former head of the Department of Animal Husbandry under the Ministry of Agriculture and Rural Development (MARD) Hoang Thanh Van, although many efforts have been made to improve quality, Vietnamese livestock products still have to struggle to compete with imported products. When the CPTPP takes effect, beef and milk products from Australia and New Zealand, and pork and chicken from Canada are forecast to enter Vietnam market in large volume. This could change consumption trends in Vietnam, causing an effect on the domestic livestock sector. Another barrier to Vietnam’s livestock sector is that production still depends on imported materials, especially those for producing animal feed and breeding animals. Vietnam imports breeding cows from Australia and swans from France,wheat from Russia, Australia and Canada, and corn from Argentine and Brazil. The MARD said the import value of animal feed and materials reached 3.2 billion USD in the first… Read full this story
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