How much impact will Mexico’s suspension of shrimp imports from Central America have on Guatemala?

Published 2024년 2월 4일

Tridge summary

Mexico has halted shrimp imports from Central America, including Guatemala, in a bid to combat smuggling of shrimp products from Ecuador. This has resulted in the suspension of shrimp exports to Mexico from Guatemala, which accounts for about 15% of Guatemala's total shrimp exports, equivalent to around US$10.5 million. This could potentially impact at least 10% of sales. Despite Guatemalan factories complying with all requirements and certifications, they are now facing significant challenges due to this abrupt stoppage.

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Original content

Mexico recently announced that it will stop importing shrimp products from Central America, including products from Guatemala. What impact will this have on Guatemala? Guatemalan businessmen introduced this. Guatemala's "Free Press" reported on January 31 that Mexican authorities announced at the end of January that they would close the border for imported shrimp products from Central America. It is reported that this move is mainly to combat smuggled shrimp products from Ecuador entering through Central American countries. These countries are all Signed a Free Trade Agreement (FTA) with Mexico. In this regard, Gabriel Biguria, president of the Guatemalan Exporters Association (Agexport) and aquaculture and fishing businessman, said that they did not receive formal notification at first, but learned about Mexico through informal channels. This decision of the authorities has since been confirmed by buyers in Mexico. Bigulia said that they had to suspend shrimp export ...

Source: Foodmate