Print This Page


January 27, 2014

Honduras

Congress Passes Shrimp Farming Law

 

The National Congress has passed a law to strengthening the shrimp farming industry, which generates about $200 million in annual export earnings and employs more than 27,000 people directly and 160,000 indirectly.

 

Deputy Rodanin Peralta Estrada, the driver of the new law, said it contained the following measures:

 

• Establishment of a renewable lease or concession period of 20 years with an annual fee per
production hectare of $40.  Non-productive concession areas will pay an annual fee of $5 per
hectare.

 

• Concessions or leases for the installation and implementation of shrimp projects
will be transferable.

 

• The procedure for bringing farms without concessions into the system will be simplified.

 

• Shrimp farms with less than 100 hectares of ponds will be allowed to join forces to obtain
environmental permits.

 

Source: FIS United States (editorial@fis.com).  Congress Passes Bill to Strengthen Shrimp Farming.  January 27, 2014.

Print This Page