Mitigating the Impact: Japan’s Increased Aid to Fisheries Surpassing 100 Billion Yen Despite China’s Import Ban

2023-09-05 15:29:11

Worried that China’s comprehensive ban will impact Japan’s additional aid to fisheries to exceed 100 billion yen

Affected by China’s comprehensive suspension of imports of Japanese aquatic products, the Japanese government decided to add 20.7 billion yen to deal with the impact, and increased the amount of assistance to fishermen to 100.7 billion yen, hoping to help fishermen reduce losses. The Japan External Trade Organization (JLTRA) will also find As for the new sales market, the latest report from Kyodo News pointed out that the additional aid measures are to change the dependence of Japanese aquatic products on China and promote the transformation of the Japanese aquatic industry.

Japan’s fishery assistance measures include five aspects, namely expanding consumption and continuing production, measures to avoid reputation damage, finding new export markets for fish and aquatic products, strengthening the fishery processing sector, and ensuring prompt compensation. The scale of the aid provided is 80 billion yen, which is mainly used for the cash flow of fishermen. However, after Japan began to discharge nuclear sewage into the sea on August 24, China imposed a strict ban on Japanese aquatic products. The Japanese government felt that it was necessary to expand the scale of aid. with the amount.

However, Kyodo News pointed out that China’s ban has already had an impact. The Japanese government’s promotion of transformation may not be urgent. It is difficult to dispel fishermen’s doubts about the future. In addition, there is a serious shortage of manpower in fishery-related fields. Even if processing facilities and automation are expanded, can consumption be expanded? It is still unknown how to open up new markets. The person in charge of a scallop processing factory in Aomori City, which has long relied on exports to China, is even more worried that the price will plummet due to the surplus, and is quite worried about the future.

In response to China’s ban, the Japanese government has filed a complaint with the World Trade Organization (WTO) and requested China to participate in discussions on the ban on aquatic products in accordance with the provisions of the Regional Comprehensive Economic Partnership Agreement (RCEP). China is the largest buyer of Japanese aquatic products, and Hong Kong is the largest buyer. Second, Japan imported aquatic products worth about US$600 million into China last year. According to Japanese government data, China and Hong Kong accounted for 42% of Japan’s total exports of aquatic products last year.

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