Illegal Chinese ships have caused losses of more than US$300 million for all Peruvians

Published 2024년 8월 25일

Tridge summary

Unauthorized Chinese fishing fleets have caused a US$300 million loss to Peru's public treasury and significantly impacted the artisanal fishing industry, leading to a 70% decrease in squid catches and resulting in the worst year for the fishing industry this century. The illegal fishing practices are putting pressure on marine ecosystems and threatening the livelihoods of local fishermen. Despite the Peruvian government's efforts to regulate foreign fishing vessels, there has been a relaxation of restrictions, allowing illegal activities to continue. Since May 2023, nine Chinese ships with a history of illegal activities have illegally entered Peru, and Chinese vessels have increased their fishing activities on the border line with Peru, further violating international maritime agreements and threatening fishing resources sustainability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The drop in squid exports, due to indiscriminate fishing by a Chinese fleet without authorization to enter the Peruvian coast, has represented a loss of US$300 million for the public treasury, warned the National Society of Artisanal Fishing of Peru (SONAPESCAL). According to figures from the Ministry of Production (Produce), squid catches only amounted to 140,000 tons in the first half of 2024, a contraction of 70% compared to the same period of the previous year. This decrease has been replicated in a slowdown in formal employment in the sector. "This has resulted in 2024 being classified as the worst year for the fishing industry for direct human consumption so far this century," said Henry Juárez, leader of the Association of Artisanal Fishermen dedicated to the extraction of squid, parrotfish, and other Parachique – La Bocana (APADEXPO). The behavior of Chinese vessels, which has been categorically described as risky for Peru, is not limited to fishing in permitted areas. ...
Source: Infobae

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.