Japan's fishing industry is affected by China's import ban

Regulation & Compliances
Market & Price Trends
Published Feb 25, 2024

Tridge summary

A survey reveals that 29 out of 36 organizations, part of the National Federation of Fisheries Cooperative Associations, have been negatively impacted by China's ban on importing Japanese seafood products. The ban, which was imposed after Tokyo Electric Power Co. discharged melted nuclear fuel coolant into the sea, has resulted in financial losses and decreased seafood prices. To mitigate the impact, the Japanese government has committed to providing 100.7 billion yen ($668 million) in financial support to the fisheries industry.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Many people feel affected by China's ban on importing Japanese seafood products. The survey found that 29 of the 36 organizations polled (members of the National Federation of Fisheries Cooperative Associations) said they "have felt" or "somewhat felt" the impacts. Negative impacts include financial losses from water discharges, largely due to China's import ban. Photo taken from a Kyodo News helicopter on February 11, 2024 shows the Fukushima Daiichi nuclear power plant - Photo: Kyodo See more: Japan: TEPCO Group is required to prevent radioactive water leaks from recurring None of the 29 organizations saw a negative impact on the domestic market such as refusing to buy their products. The Fisheries Agency said there was no reputational damage other than that caused by China's import ban. Regarding the extent of the damage they suffered, 24 organizations said they were “no longer able to export” products such as sea cucumbers, scallops and yellowtail due to ...
Source: Voh
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