Tariff quotas improve for Argentine shrimp

Yesterday, the new Regulation on Tariff Quotas of the European Union was approved, which improves the situation of Argentine shrimp by doubling the volume of tons, but it is still very far from being on par with farmed vannamei. This modification was promoted by the association of Spanish exporters who also fought to expand the quota of loligo or Patagonian squid that enters from the Malvinas and they achieved it. Tariff quotas allow the fishing industry to import, with a reduction or exemption from tariffs, raw materials that they cannot obtain through capture due to scarcity or non-existence of certain species in European fishing grounds. Argentine shrimp enters the European market with a 12% tariff, making its cost more expensive for the consumer and limiting the possibilities of competing with other products that, although of inferior quality, are competitors. In 2022, more than 42 thousand tons of frozen shrimp entered the Spanish market on board, but only a small part was ...