Illegal entry of Chinese fleets into Peru costs Peruvians US$ 300 million

In 2024, the Peruvian artisanal fishing industry has been severely impacted by a significant decrease in squid catches, leading to the loss of thousands of jobs and a drop in exports by over $300 million. This decline is attributed to a reduction in fishing quotas and the increased presence of industrial fleets from China, which allegedly engage in illegal fishing practices and enjoy lax enforcement of Peruvian regulations. Despite evidence of illegal behavior and claims of labor abuses, these vessels have been allowed to operate in Peruvian waters, undercutting local fishermen and exacerbating the crisis. The industry's plight is further compounded by the Peruvian government's delay in implementing regulations and its toleration of illegal fishing practices, as highlighted by the arrival of nine ships with a questionable record in August. This scenario underscores the challenges faced by Peru's artisanal fishing sector and the broader concerns regarding the environmental sustainability and fair competition in the industry.