Indonesia resumes lobster larvae exports despite sustainability, trade concerns

Published May 8, 2024

Tridge summary

The Indonesian government has reversed a 2016 ban on the export of lobster larvae to Vietnam, aiming to tap into the global lobster trade and address illegal smuggling that has previously led to significant revenue loss. This decision, part of a broader strategy to develop Indonesia's aquaculture sector through a partnership with Vietnam, has sparked concerns among experts and NGOs. They fear it may endanger wild lobster stocks, fail to foster a competitive lobster-farming industry, and could lead to overfishing and corruption, similar to past experiences. Despite measures like requiring exporters to partner with local farmers and release a percentage of their harvest back into the wild, skepticism remains regarding the policy's effectiveness and its potential to benefit Vietnam's industry more than Indonesia's.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Indonesian government is resuming a controversial policy of exporting lobster larvae — the latest chapter in an eight-year saga that began over concerns for wild lobster stocks and led to a fisheries minister being jailed for corruption. The country’s current fisheries minister, Sakti Wahyu Trenggono, said recently that the decision to reinstate the export policy was to capitalize on the global multimillion-dollar lobster trade. The government initially banned exports of lobster larvae in 2016 to prevent the overharvesting of wild stocks from the country’s rich waters. For now, exports are permitted only to Vietnam, whose lobster-farming industry produces around 1,600 metric tons a year of premium-grade lobster grown from mostly imported larvae. Sakti previously suggested that much of the wild-caught lobster larvae supplied to Vietnam was most likely smuggled out of Indonesian waters. “We can’t fight against [lobster smuggling],” Sakti said at a press conference in Jakarta on ...
Source: WTOCenter

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