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Recently, China's ban on the sale of Japanese aquatic products has caused a lot of panic in the Japanese fishing industry.
Since Japan is a maritime nation, these export restrictions have had a great impact on the lives of Japanese fishermen as well as the economy.
Therefore, the ban on exports to China also has a big impact on them.
While Japan is trying to sell its unsellable seafood to Southeast Asia, it will be difficult to replace China.
Japan's fishing woes: China's catch accounts for about 40 percent of Japan's fish exports and is Japan's largest source of revenue, the report said.
Therefore, China's ban on Japanese fisheries has a great impact on the Japanese fishery.
Especially in Kansai, hundreds of frozen fish sold to China are piled up in warehouses and cannot be sold.
Even in the first half of 2023, Japan's seafood exports reached an all-time high.
But as China imposes restrictions for longer, Japan's seafood exports are expected to decline significantly.
This has forced the Japanese government to introduce a subsidy program and actively promote aquatic products that are not sold in the Southeast Asian market.
But it has completely replaced a country that depends on the ocean for survival.
The Chinese market is difficult to enter.
Alternative market dilemma: Some analysts say Japan may transfer goods from third countries to China;
Or develop new markets in Southeast Asia to replace China.
However, there are still significant problems with this approach in the long run.
First, China has a huge consumption base and potential consumption base.
However, consumption levels and other aspects are difficult to compare with Europe, America, Southeast Asia and other countries.
Japan's fishing must rely on China's huge market to maintain stable production and exports.
Secondly, due to the geographical distance between China and Japan and the close economic and trade relations between the two sides, the Chinese market plays an irreplaceable role in Japan's fishery.
China and Japan have always maintained close economic and trade relations, especially in aquatic products.
This allows the Japanese fishing industry to benefit from close ties with China, and it is difficult to rely on other markets to replace China.
To this end, Japan should strengthen cooperation with China and strengthen consultations and exchanges with China in order to better handle economic and trade issues with China.
If Japan's fishing industry is to achieve sustainable development, it must establish good partnerships with other countries.
China's restrictions on Japan have caused great difficulties for the Japanese fishing industry. When Japan looks for other markets, including selling seafood to Southeast Asia, it's hard to find other options.
For Japan, it is necessary to take the initiative to carry out exchanges and cooperation with China, maintain good economic and trade relations, and lay a solid foundation for future development.
We hope that in our future work, cooperation and exchanges can help us better handle economic and trade relations;
Let our cooperation achieve a win-win situation and take our business to a new level.
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