The Honduran National Congress has approved an agreement allowing its shrimp to be exported to China without waiting for the validation of the Free Trade Agreement (FTA) between the two countries. This agreement aims to harmonize and simplify customs procedures to facilitate trade within a new international integration framework.

Export Numbers Plummet in First Half of 2024

According to recent figures, Honduran shrimp exports saw a significant decline in the first half of 2024, with a volume drop of 8.3 million pounds and a foreign currency loss of USD 21.5 million compared to the same period last year. The new agreement is expected to reverse this trend and bring new opportunities for the industry.

The agreement aims to streamline customs procedures and practices, making it easier for Honduras to export its shrimp to China. This will enable the country to tap into the lucrative Asian market, which is a major consumer of seafood products.

Shrimp Sector Set for Growth

According to Congressman Luis Ortega, who designed the new regulations, two containers of shrimp are set to be shipped to China on July 18. Similarly, Congressman Jari Dixon emphasized that under the new legal framework, the shrimp sector will no longer face problems exporting its product to China.

The National Congress returned from a month-and-a-half recess on Tuesday to approve the export agreement, but the session was suspended after approval due to an altercation between deputies. Despite this minor setback, the shrimp industry can look forward to a brighter future with this significant trade agreement in place.