Ecuadorian fishing loses ground in Latin America but conquers Europe
Posted On 19 May 2017
The dynamics of the fishing sector is given this year by the effects caused by some trade agreements signed by Ecuador or competing countries. While in the European Union (EU) exports grew by 36% in the first quarter, in some countries of the region, such as Peru, Ecuador’s supply loses market due to tariff disadvantages.
According to statistics from the National Fisheries Chamber (CNP for its Spanish acronym), in the first quarter of this year, the sector recorded sales of $ 370.6 million, $ 53.17 million more than the same period in 2016. Canned Tuna and fish meal generated the highest revenues.
The increase, say representatives of the sector, is attributed to the increased demand from Europe, following the trade agreement Ecuador signed with the European Union and entered into force in January this year. A negotiation tool that today exempts local canned tuna from paying a 24% tariff, to enter that market (I).