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December 23, 2014

Ecuador

Production January to October 2014

 

According to the Central Bank of Ecuador, between January and October 2014, Ecuador’s shrimp exports were worth $2.17 billion, which, for the first time ever, made shrimp exports more valuable than banana exports ($2.15 billion).

 

According to Jose Antonio Camposano, head of Ecuador’s National Aquaculture Chamber, shrimp sales soared to some extent due to external factors such as a drastic drop in production from Asian competitors, particularly Thailand.

 

In other news, Ecuador has signed a free-trade agreement with the European Union that should go into effect in 2016.  In addition, the Ecuadorian government confirmed that the European Parliament approved the extension of duty preferences, allowing Ecuador to continue exporting its products to the EU market without restrictions for two more years.

 

Source: FIS United States.  Shrimp Leads Non-Oil Exports for the First Time.  Analia Murias (editorial@fis.com).  December 22, 2014.

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