I. Macroeconomic Environment and Trade Risk Analysis

In the seafood trade, SPS (Sanitary and Quarantine Services), Illegal, Unreported, and Unregulated (IUU) fishing regulations, and country of origin labeling are key factors influencing the competitiveness of the industry. While demand for frozen and refrigerated logistics costs, access to deep-sea fishing grounds, and sustainable certifications like the MSC and ASC are increasing, labeling , allergen, and additive regulations act as parallel barriers for processed products (e.g., canned, smoked, and fish cakes).

 

Risk factors

2025-2026 Outlook

Influence (1~5)

Implications

Strengthening IUU and country of origin crackdownsExpansion of obligations to track vessels, operations, and cargo5Establishment of an electronic shipping and traceability system
SPS and quarantine standards raisedStrengthening management of pathogens, heavy metals, and parasites5HACCP, COA, and lot management precision
Packaging and Labeling RegulationsStrengthening labeling of allergens, nutrition, and country of origin4Multilingual labels and pre-screening required
Refrigerated chain and freightModerate stability or high-cost zone3Cold Chain Efficiency and Insurance Optimization
Climate and resource variabilityWidening deviation in catches of certain fish species3Conversion to alternative fish species, aquaculture, and processing
Ⅱ. FTA Utilization Rate and Corporate Practice Statistics

For raw materials (HS03), tariffs, quotas, and SPS are key. Processed products (HS16) offer significant tariff reductions , but frequently face issues with recipes, ingredients, and labels . The PSR often involves mixed CTH/RVC
depending on the catch/farm classification and processing process (cutting, salting, smoking, canning, etc.) , and traceability and IUU documentation are practical bottlenecks.

Classification (example HS)

FTA applicability (trend)

Major challenges

Management Points

Frozen fish (HS0303) and fillets (HS0304)Agreement rate and quota effectQuarantine, parasites, heavy metalsHACCP, inspection report, lot tracking
Crustaceans and Molluscs (HS0306/0307)MFN deviation existsSanitary permit/residual substancesProduction site, form certification, SPS document
Canned, Smoked, and Seasoned (HS1604/1605)The perceived effect of tariff reduction is significant.Labels, Additives, Country of OriginPre-approval of recipe, COA, and label files
Fish cakes and instant processingFTA+RVC glassIngredients/Allergen LabelingStandard text for ingredient lists and allergens
III. Matrix of Comparison of Tariffs and Non-Tariffs by Country

Developed markets (the US, EU, and Japan) prioritize SPS, IUU, and labeling regulations, while emerging markets prioritize MFN tariffs and quarantine procedures . Utilizing RCEP and bilateral FTAs ​​will significantly reduce tariffs on processed goods .

market

Representative items

Tariff (trend)

When FTA is applied

Non-tariff barriers (example)

Comments

USAFillets, cans, crustaceansLow to medium interest rate mixTariff reduction/expansionFDA·FSVP·IUU DocumentsFactory registration and lot tracking are required.
EUCanned, smoked, and seasonedLow to medium rate, some TRQs0%/discountHygiene, Labeling, IUU, MSC/ASCPreference for sustainable certification
japanMixed frozen and processedGenerally low rateWidespread cutsJFS·Label·QuarantineStrict quality and freshness standards
ASEANBoth raw and processedMedium rateRCEP/Bilateral ReductionQuarantine, Halal, and Administrative ProceduresValid for cumulative use within the region

Note: Actual tariff rates and requirements may vary depending on HS subheading, fish species, and processing type. Pre-clearance HTS assessment and prior inquiries are recommended.

Ⅳ. ESG·CBAM Impact

Although not directly subject to CBAM, packaging materials (plastics and aluminum), energy, and refrigerants may be reflected as indirect costs. Demand for sustainability certifications, such as
MSC/ASC, Dolphin-Safe, and BAP, as well as labor and human rights due diligence, is growing.

System/Issue

Core requirements

Influence (1~5)

react

IUU regulationsTraceability of catch, aquaculture, and transportation5Electronic catch certificate, vessel, and navigation data
Hygiene/HACCPProcess, temperature, and contamination management5CCP management and regular verification
Packaging and Circular EconomyRecycling and labeling requirements3Lightweighting and conversion to r-resin
Sustainability CertificationMSC/ASC·BAP·FOS4Building a Supply Chain Certification Roadmap
V. Investment and Supply Chain Transition Scenario

Korea: High-value-added processing (canning, smoking, seasoning, HMR), branding, and cold chain R&D hub

US/EU: Optimized production for local labels and recipes (optimized lead time, freshness, and procurement)

ASEAN: Preprocessing, shredding, freezing, and canning hub + RCEP accumulation

Offshore linkage: Combination of raw material offtake and high value-added domestic processing

Ⅵ. AI-based 3-month export and import forecasts

Integrates news and policy sentiment (α), global sentiment (β), sector sentiment (λ), and seasonal and promotional effects. Raw materials show significant seasonal fluctuations, while processed goods show a gradual improvement due to stable demand .

variable

Δ(%) or exponent

analysis

ΔExport_now+1.8A gradual increase centered on canned food, seasoning, and HMR
ΔImport_now+1.1Reinforcement of raw materials, additives, and packaging materials
ΔPrice_now+0.3Processed premium/brand effect
ΔSignal_now+0.024Reflecting improvements in IUU and SPS response
ΔFTAEffect+0.27Tariff reduction + RCEP cumulative effect
Forecast_3M+0.43A gradual improvement is expected over the next three months.

Formula (summary): Forecast_3M = 0.5·ΔSignal + 0.3·ΔFTAEffect + 0.2·ΔPrice

VII. Policy Recommendations and System Improvement Roadmap

field

Suggestion

Executor

Expected effect

IUU·TraceabilityElectronic Catch Certificate, Vessel, and Navigation Data PlatformMinistry of Oceans and Fisheries and Korea Customs ServiceMinimizing the risk of rejection and delay
SPS supportInspection/COA/Label Pre-Review VoucherMinistry of Food and Drug Safety·KOTRAShortened customs clearance lead time
FTA+RCEP cumulativeEstablishing a cumulative guideline for raw materials and processed goods within the regionTrade authoritiesExpanding the perceived impact of tariff reductions
Cold Chain InnovationLow-power refrigeration and smart sensor distributionMinistry of Trade, Industry and Energy and local governmentsReduce losses and returns
Sustainability CertificationMSC/ASC Joint Consulting and VoucherExport AssociationsSecuring buyer trust and premium
Ⅷ. Summary of Conclusions

The effectiveness of FTAs ​​for fisheries and processed fishery products is the sum of tariff reduction + IUU·SPS·labeling·traceability .

Forecast_3M: +0.43 — Processing-centric gradual improvement, with proactive response to traceability, HACCP, and labeling driving profitability.

Recommended strategies: ① Electronic traceability and permanent IUU documentation ② RCEP accumulation and processing conversion ③ HACCP, inspection, and labeling standard templates ④ MSC/ASC certification portfolio.