00:00Before watching the video, remember to check out the more content on trending websites.
00:04Recently, many international media outlets have been focusing on seafood in Malaysia and Thailand.
00:09Trade war clashes
00:10This even angered the Thai Ministry of Commerce, which warned that if negotiations failed...
00:14It cannot be ruled out that this issue will be brought to the ASEAN or even the WTO World Trade Organization.
00:19Weaving treatment
00:20Okay, now let's talk about the latest developments in this seafood trade war.
00:26Deputy Agriculture Minister Tan Hong Kian mentioned today that the Malaysian government will begin on June 1st...
00:30start
00:30Temporary restrictions on the import of five types of shrimp from Thailand
00:34It also requires that imported Thai rock bream must be accompanied by a certificate.
00:38Officially certified analysis certificate
00:40So-called COA after
00:42The Thai government has now responded to the key issues raised by Malaysia.
00:47And provide all the necessary comprehensive data and related technical reports.
00:50Chen Hongjian emphasized that the Ministry of Agriculture will strictly control the import of Thai seafood.
00:54This is to strengthen local food safety supervision.
00:57Ensure that all imported food meets high-quality and hygiene safety standards.
01:02He reiterated that the two countries have long maintained close and mutually beneficial agricultural trade.
01:08Easy diplomatic relations
01:08Therefore, the government is confident that it can also properly resolve this transnational issue.
01:13Why did restricting fish and shrimp imports escalate into a diplomatic issue?
01:19Okay, first of all, the cause of this seafood trade war between Matthew and Matthew is...
01:23Thailand previously strengthened its inspections of sea bass shipments from Malaysia.
01:28The results showed that some of the fish contained chemicals and antibiotics.
01:33Toxin residue
01:33So at that time, these additional checks slowed down the clearance process.
01:37This caused the fresh fish to rot and spoil.
01:40This led to complaints from Malaysian exporters.
01:44The Malaysian government was later accused of retaliating against Thailand in kind.
01:47Starting in June of this year, imports of five types of underwater equipment from Thailand have been temporarily restricted.
01:52And what about the rock tuna we just mentioned?
01:55He also needs a test analysis report to enter Malaysia.
01:58As a result, Thailand criticized Malaysia for immediately stopping imports.
02:03Consultations should be initiated first.
02:04However, our country emphasizes that it has given businesses sufficient time to prepare.
02:08Fortunately, both sides have indicated their willingness to seek a solution through dialogue.
02:13Decision
02:13Why did the Thai authorities react so strongly to the Malaysian Ministry of Agriculture's adjustment of its import policy?
02:18foot
02:18They were even so anxious that they threatened to take the issue to the WTO to resolve it.
02:23This becomes clear from the data.
02:26Malaysia is Thailand's ninth largest overseas market for shrimp.
02:29Annual imports exceed RM40 million
02:32In the first four months of this year alone
02:34Thailand has exported over RM20 million worth of shrimp to Malaysia.
02:38However, the Ministry of Agriculture has now imposed a complete ban on imports.
02:41This effectively blocked this avenue for making money.
02:44In addition, import controls on Thai rock bream have been tightened.
02:48This results in 6,000 to 8,000 metric tons per year.
02:51Exports worth over 4 billion baht were suddenly plunged into crisis.
02:55So, as the trade friction in the Matthew seafood war continues to escalate...
03:00International
03:01The local market is also worried about one thing.
03:04Will our seafood prices skyrocket?
03:07Malaysian Fisheries Department Director General Anan Hussein issued a statement today.
03:11To reassure consumers nationwide in a timely manner
03:13Malaysia's shrimp supply is currently very stable.
03:17It can fully meet the huge demand of the local market.
03:20He does not believe in any change in import patterns.
03:23It will threaten the country's food security.
03:25And this director also took the opportunity to promote the weekly index.
03:28The current crisis may actually provide opportunities for local businesses.
03:32Continue to expand production and strengthen the domestic supply chain
03:35Opportunities to reduce dependence on imports
03:36Because of the existing aquaculture operators in China
03:39We have the confidence and sufficient production capacity.
03:42It can fill the market vacuum left by Thailand's absence.
03:45However, Fisheries Director General Annan Hussein also mentioned
03:48In this seafood trade war
03:51While allowing local shrimp farmers to seize the profit opportunity
03:54my country's turtle farming industry, which is highly dependent on the Thai market
03:58They also fell into extreme challenges.
04:00The director of the Fisheries Bureau mentioned
04:02Between 2022 and 2024
04:05Malaysia's total exports of soft-shelled turtles to Thailand have surged by over 56%.
04:10Especially in 2024
04:12The total export value of soft-shelled turtles reached RM115 million.
04:17Almost 80% of them were exported to Thailand.
04:21With the full-scale outbreak of the seafood trade war between Malaysia and Thailand...
04:24The core channel for exporting locally raised soft-shelled turtles to Thailand has been blocked.
04:28Supply may be severely oversupplied, triggering a price collapse.
04:32The Fisheries Bureau pledged to actively assist turtle farmers.
04:36Explore other new markets
04:38Strengthen the visibility of industry-wide risk mitigation.
04:48Layer exit
04:48Original Singing Point
04:48Understand
04:48Habit
04:49One trip
04:49Second
04:49Three
04:49Three
04:49Three
04:50Three
04:50Three
04:51Three
04:52Five
04:52Three
04:52Three
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