news.com.au, 25 August 2015. TPP set to devour Vietnam livestock sector.

An edited extract of the original article has been reproduced below.

…VIETNAM’S media says almost 10 million people depend on the livestock industry, now under threat once meat and dairy products from Australia, New Zealand and the US enter Vietnam under the TPP.

TPP members such as the US, Canada, New Zealand, Japan and Australia will undoubtedly swallow the livestock industry in one big gulp, Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR) told local media.

Vietnam’s livestock sector is characterised by smallholders, many of whom are family farmers with limited production and few resources to invest in the advanced technologies required to compete on global markets.

Dan Kim Khoi, acting director-general of the Institute of Policy for Agriculture and Rural Development, said Vietnam’s animal husbandry sector was especially vulnerable to global competition…

Vietnam policy-makers over a transitional period are preparing to provide financial and retraining assistance for displaced farmers along with industry restructuring.

Vietnamese commentators say the livestock industry is being sacrificed so that Vietnam’s textile industry will have greater access to global markets under the TPP agreement…

 

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