83 tonnes of Icelandic salmon have already been exported to China since the beginning of September.
Five years have passed since Iceland and China signed a Free Trade Agreement (FTA). Thanks to the signing of three new protocols, Icelandic salmon farmers can soon export their fish to China.
In May, Gudlaugur Thor Thordarson, Minister of Foreign affair in Iceland, and Ni Yuefeng, the Chinese Minister of Customs, signed the protocols to the existing FTA between Iceland and China.
In a press release, the Sea Data Center reports that exports of Icelandic salmon to China have now begun after the trade entered into force at the end of September.
“The prices are good and the free trade agreement will have an impact of 10-12 % higher margin. In just a couple of weeks, 83 tonnes of Icelandic salmon have already been exported to China and highly likely that exports will increase in the coming months,” it wrote.