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August 23, 2013

Ecuador

Subsidy Duties to Cost $60 Million

 

Ecuadorian officials say the new 11.68% tariff on shrimp sales to the United States will cost the industry $60 million a year.  “It’s a major blow to the competitiveness of the product,” said the president of the Chamber of Aquaculture, Jose Antonio Camposano.

 

In 2012, Ecuadorian shrimp exports were valued at $1.27 billion, and about 40% of that amount, equalling $512 million, was sold to the USA

 

Source: The Wall Street Journal.  Ecuador’s Shrimp Industry Strikes Out at New U.S. Tariff.  Jeanneth Valdivieso.  August 21, 2013.

 

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