Panamanian exports of marine products increased by 32.5% until 2022 reflect economic indicators Chief Controller of the Republic.
This is the result of comparing years in 2021 and 2022which are stimulating for this economic activity in the country, specifically the fishing sector.
General director of the company Water Resources Authority of Panama (ARAP), Flower Torrijosexplained that 2022 closed with a profit of 134 million dollarswhich represents an increase of 33 million dollarswhich is mainly divided into farmed shrimp, and fish meal and fish oil.
Torrijos assured that Panama has the first fishery certified by Marine Trust, Anchovy and Herring ensuring that it is used sustainably.
“This certificate gives us access to demanding markets and a better product price,” added Torrijos.
Administrator from ARAB He noted that thanks to the investment of the private sector and its commitment to sustainability, Panama had access to exclusive and demanding markets and thus managed to position the product at a better price.
Regarding illegal fishing and certification, Torrijos indicated that they work hand in hand with the shrimp fleet.
He added that last week they received a formal report from European Union and have to September 15 fill in the last details needed to get a green card.
The official mentioned that several issues remain unresolved, one of which is the completion of cleaning the fleet of non-compliant vessels and fishing regulations, which they hope will be ready next week.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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