Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Ecuador’s economy shell-shocked by China shrimp ban

byCT Report
October 5, 2019
in Latest News
Share on FacebookShare on Twitter

Sales of Ecuadorean shrimp to China were worth over US$1 billion between January and August this year but were suddenly halted in September for sanitary reasons, casting uncertainty over the trade.

Almost a month after Chinese authorities imposed a ban in response to apparent outbreaks of diseases known as yellow head and white spot, only one of Ecuador’s five companies originally sanctioned to export shrimp is still authorised to do so. The rest are only permitted to sell cooked shrimp meat.

You might also like

PM Shehbaz announces 10pc super tax on large-scale industries

June 25, 2022

FBR offices to observe extended hours on June 29-30 for tax collection

June 25, 2022

Ecuadorean producers – many of whom are small and medium-sized businesses – are deeply concerned by the impact of the episode on prices and their livelihoods.

Ecuador’s shrimp producers
Marcos Tello is a shrimp producer from the coastal city of Esmeraldas in northwestern Ecuador. He maintains regular contact with producers from other parts of the country via phone calls and WhatsApp groups which monitor information about the China shrimp ban.

“We have only received a few bulletins from the Ministry of Foreign Trade and through the Chamber of Aquaculture, but we have no further details,” says Tello, who is president of the Northern Shrimp Producers Association of Emeralds (Aprocane).

Aprocane groups around 40 entrepreneurs who own 1,500 hectares of shrimp farms on Ecuador’s northern coast.

Producers are keen to preserve what had become a booming trade. Between January and August this year, Ecuador sent 210,000 metric tonnes of shrimp to China, according to the National Chamber of Aquaculture (CNA).

Related Stories

PM Shehbaz announces 10pc super tax on large-scale industries

byCT Report
June 25, 2022

ISLAMABAD: Prime Minister Shehbaz Sharif announced that the coalition government plans to impose a 10% super tax on large-scale industries,...

FBR offices to observe extended hours on June 29-30 for tax collection

byCT Report
June 25, 2022

ISLAMABAD: Federal Board of Revenue (FBR) field offices have been directed to work extended hours on the last two days...

SBP receives $2.3b from Chinese banks, confirms Miftah Ismail

byCT Report
June 25, 2022

KARACHI: Finance Minister Miftah Ismail announced that a Chinese consortium loan of RMB 15 billion (roughly $2.3 billion) has been...

No more subsidies, petroleum levy to go up to Rs50: finance minister

byCT Report
June 25, 2022

ISLAMABAD: Finance Minister Miftah Ismail has said that the government will not be giving any more subsidies on petroleum products...

Next Post

Customs Court awards sentence to lady booked in mobile smuggling case

  • Contact us
  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • Contact us
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.