TPP set to massively affect Vietnamese livestock sectors

by VTV404 August 2015 Last updated at 15:45 PM

VTV.vn - The TTP agreement if signed could have a massive impact on Vietnam’s livestock industry. This assessment was reached at a conference held on Monday concerning the impact of the TPP and ASEAN Economic Community on Vietnam’s economy.

According to the researchers, the TPP would have a clear impact on the livestock sector through higher standards, greater imports and higher competition for domestic producers, while in contrast the AEC will have an almost negligible effect. Notably, poultry producers are expected to suffer the most with profits likely to be slashed by 11.46 million USD and productivity hit by 1.17%.

The event was organised by the Vietnam Institute for Economic and Policy research. 

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