Mexico’s recent restriction on shrimp imports from Central America is expected to result in substantial job losses and economic setbacks for the region. Wilmer Cruz, president of the Association of Small and Medium-Sized Shrimp Producers of the Southern Zone in Honduras, has expressed deep concerns about the repercussions of this decision.

Mexico’s Crucial Role in Honduran Shrimp Exports

Mexico has long been a vital trading partner for Honduran shrimp producers, serving as the second-largest buyer of shrimp cultivated in the regions of Choluteca and Valle. According to Cruz and other industry authorities, this restriction measure could lead to million-dollar losses in the Honduran economy, as Mexico’s significance in the shrimp market cannot be overstated.

For Honduran shrimp producers, Mexico represents a lifeline in a sea of uncertainty. Cruz emphasized, “Mexico is the only market we have left, after the closure of Taiwan. Mexico is one of the main markets for Honduran shrimp.”

Immediate Job Losses

Cruz estimated that as a result of Mexico’s restriction measure, approximately 50,000 direct jobs and 20,000 indirect jobs would be lost. Additionally, about 50 farms that were expected to be reactivated this year are now facing uncertain futures.

Cruz pointed out that they are going to close at least a hundred farms throughout the southern zone. The closure of these establishments signifies a devastating blow to the Honduran shrimp industry and the livelihoods of many families dependent on it.