Print This Page

 

January 12, 2015

China/Ecuador

Ecuador Seeks New Trade Deal with China

 

During the week of January 5–9, 2015, 30 Ecuadorian seafood companies—and the President of Ecuador Rafael Correa—attended a trade fair in Beijing, hoping to increase their seafood exports to China.  Major shrimp suppliers Omarsa SA and Pacfish SA were two of the companies in the Ecuadorian delegation.

 

Ecuadorian officials have been lobbying Beijing to lower the taxes on shrimp imports or to sign a free-trade deal that would increase food and fishery exports to China.  High Chinese import taxes mean more than half of the Ecuadorian shrimp headed for China is shipped to Vietnam and then trucked over the border into China.  The Ecuadorian delegation expressed frustration over the continued reliance on shipments through Vietnam.

 

Argentina is also a major supplier of seafood to China, and Venezuela—another close Beijing ally—is an increasingly important shrimp exporter to China.

 

At the trade fair, President Correa secured $7.5 billion in new low-interest deals with Chinese state-owned banks, bringing to $12 billion the long-term credit lines to Ecuador over the past six years.

 

Source: SeafoodSource.com.  Editor, Sean Murphy (smurphy@divcom.com).  Ecuador Shrimp Firms Road Show in Beijing.  Mark Godfrey, SeafoodSource contributing editor reporting from Beijing, China.  January 12, 2015.

Print This Page