A wider range of products have enjoyed zero-tariff access to markets
across the region since CAFTA took effect in 2010, but the lack of
effective exchanges of information is still one of the key obstacles to
connecting the markets in China and ASEAN countries.
The problem is particularly serious for trading of farm produce such as
pork. Data from China’s National Bureau of Statistics shows that the
country’s pork prices have soared since the beginning of the year,
rising 26.4 percent year-on-year in the first four months.
This prompted Chinese traders to purchase more Vietnamese pigs, which
are much cheaper than in China. China’s total pork imports rose by 116.8
percent year-on-year in March, according to Chinese customs data.
Vietnamese media outlet Tuoi Tre News said in a recent report that Dong
Nai province in southeastern Vietnam accounted for more than 50 percent
of the total number of pigs exported to China.
（Tuoi Tre News）最新报道
So the recent falloff in buying by Chinese traders has had a big impact
on Vietnamese pig farmers. The authorities have yet to offer any
explanation for the buying halt, which came after China’s?Ministry of
Commerce?and 12 local governments recently increased the supply of
frozen pork from reserves to replenish supplies, a measure that was seen
as necessary to help stabilize the market, especially as soaring pork
prices had triggered public discontent in China. Chinese traders appear
to have reduced their imports to avoid possible losses after the
authorities took this measure to stablize pork supplies, but it seems it
caught Vietnamese farmers by surprise.
It won’t be easy to seamlessly connect the markets in China and ASEAN
despite the establishment of the CAFTA. In this regard, communication
will be a key aspect. Although the Chinese government’s efforts to
replenish pork supplies were widely discussed in China, Vietnamese media
outlets paid little attention to it. To promote effective exchange of
information, we can not simply rely on local media outlets.