The latest developments in the Venezuelan Lamar Group white shrimp incident

Published Dec 8, 2024

Tridge summary

The Venezuelan Ministry of Fisheries has responded to ongoing negotiations with the China Chamber of Commerce for Import and Export of Foodstuffs and Livestock and the Economic and Commercial Office of the Chinese Embassy in Venezuela, stating that it will honor the previous agreement for the release of goods that have been fully paid for. Goods in transit and those not yet shipped will be handled in accordance with the original agreement, with Chinese companies being asked to transfer remaining payments to a new account. The China Chamber of Commerce will monitor the situation and work with Chinese importers to ensure smooth trade activities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After nearly a week of intense negotiations, on the evening of December 6, the Economic and Commercial Office of the Chinese Embassy in Venezuela received the latest response from the Venezuelan Ministry of Fisheries. The China Chamber of Commerce for Import and Export of Foodstuffs and Livestock confirmed the situation as follows: Venezuelan Minister of Fisheries Loyo has made the following reply: In order to maintain the aquatic product trade relations between China and Venezuela, the Venezuelan Ministry of Fisheries and Lamar Group respect the previous agreement. For the goods that Chinese importers have paid in full and arrived at the port, they will be released by telex as soon as possible and relevant certificates will be issued; the goods in transit and the goods that have not been shipped will be handled in accordance with the original agreement, but Chinese companies are requested to transfer the remaining payment to the new account. For specific matters, Lamar The new ...

Source: Foodmate