Due to tariffs, US reduces imports of Ecuadorian tuna
Tuna pouches, which were not previously charged to enter the U.S., now pays a tariff of 12.5 per cent. (Photo: Stock File/FIS)
Since last February, when the preferential tariff expired, U.S. importers chose to reduce their purchases of Ecuadorian tuna and instead chose to import other tuna alternatives, such as from the Thai market.
This change occurred when tuna in pouches (bags) produced in Ecuador, which did not have tp pay fees to enter the U.S. market, began to pay a tariff of 12.5 per cent.
Pending the outcome of the renewal of the Andean Trade Preferences and Drug Eradication Act (ATPDEA), many U.S. buyers "Think that we should not buy the same volumes from Ecuador that we are purchasing painfully from Thailand," said a businessman from the local tuna industry.
By paying a fee, the price of Ecuadorian tuna went up and lost its competitiveness relative to other products sold in grocery stores and supermarkets.
According to the newspaper El Universo, while tuna from Thailand also has tariffs, it is a strong competitor because it has large government supp...