Tridge summary
The Ecuadorian shrimp industry is facing challenges in the US market as a result of an investigation into alleged dumping and subsidies. The United States Shrimp Processors Association has lodged a complaint, and the National Chamber of Aquaculture is preparing a legal defense. The industry is also dealing with increased competition globally and a drop in profitability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Ecuadorian shrimp started the year swimming against the current. The biggest obstacle is in the US market, after, in December 2023, the United States International Trade Commission (ITC) agreed to investigate Ecuadorian shrimp, due to the low prices at which, apparently, it would be marketed in that market. This practice, known as 'dumping', was denounced by the United States Shrimp Processors Association (ASPA) in October of last year. Also under the radar is Indonesia and other countries such as India and Vietnam, which (like Ecuador) are also being investigated for countervailing duties. YOU MAY BE INTERESTED (United States businessmen denounce shrimp dumping) EXPRESO has requested an interview from the National Chamber of Aquaculture (CNA) to review the progress of this process, but the Department of Communication has only reported that, in this regard, the sector has already undertaken a legal defense, the results of which will be given to know at the right time. An ...
Source: Expreso
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