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Business trends

Thai seafood industry buoyed by lifting of EU 'yellow card'

Removal from watch list keeps door to key export market open

Thailand's removal from the European Union's illegal-fishing watch list has been welcomed by the country's fisheries industry. (Photo by Marimi Kishimoto)

BANGKOK -- The European Union's decision on Jan. 8 to remove Thailand from a list of countries warned over illegal fishing is being met with relief by big Thai seafood companies that had feared being locked out of the huge European market.

"I want to congratulate the Royal Thai Government for its efforts to bring change to the country in the fight against illegal, unreported and unregulated fishing," said Thai Union Group CEO Thiraphong Chansiri. "The improvements to regulation and enforcement of the fishing industry have been significant, not only in terms of traceability and the sustainable development of the fisheries but also in terms of eliminating human rights violations."

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