China, a giant that threatens Ecuador's tuna supply

Published 2023년 2월 24일

Tridge summary

Ecuador's dominance as the main supplier of tuna loins to the European Union is being challenged by China, with the EU increasing purchases from China despite the lack of a trade agreement. This shift has led to a reduction in Ecuador's market share from 32% in 2015 to 26% in 2022, while China's share has grown from 9% to 24%. The EU's policy of increasing autonomous quota s concerns the Ecuadorian industry as it erodes tariff benefits from the 2017 trade agreement. The issue will be discussed during a European commission's visit to the country, which is also evaluating Ecuador's industrial practices and combating illegal fishing. In 2022, the fishing industry exported $1,914 million, with over 50% of the tuna processed by Ecuador marketed in the EU.

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Original content

Ecuador continues to be the main supplier of tuna loins to the European Union, but that reign is getting closer to being taken over by China, one of its main rivals in this market. This is because the European bloc is increasingly inclined to buy from the Asian country, even though there is no trade agreement with them. Between 2015 and 2022, Ecuador's share in that market has been reduced from 32% to 26%, while that of that country grew rapidly from 9% to 24%. Europe's purchasing policy of increasing its autonomous quota every two years (importation of tuna from other countries without agreement) worries the Ecuadorian industry because, explains Bruno Leone, president of the National Chamber of Fisheries (CNP), it erodes , in part, the tariff benefits that Ecuador and the European Union materialized with the trade agreement signed in 2017. Yesterday, the sector planned to put this issue on the table for dialogue, taking advantage of the visit of a European commission to the ...

Source: Expreso