Ecuador exports $ 1.5 billion annually in tuna. 65% of that amount has the European market as its destination. This important export activity is currently at risk, because Ecuador’s Fisheries Law is so old that it cannot ensure compliance with Europe requirements. If Ecuador does not reform its law, it will be an economic disaster for the country.
The Minister of Production and Foreign Trade, Iván Ontaneda Berrú, said that in addition to the complex and critical situation that the fishing sector is going currently through, losing the European Union as a client will be a fatal blow.
The European Union demands that Ecuadorto update its Fishing Law, so it could have the traceability and reliability that is required in these commercial niches.
On the deadlines to resolve the situation, the minister said he will travel to Europe in the coming days, in order to review the request by Europe. In September there would be a pronouncement on this issue, Ontaneda said.