PHL exporters of ‘bagoong’ lose P53.6 million in export revenues since US imposed import ban–DTI-EMB data

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PHL exporters of ‘bagoong’ lose P53.6 million in export revenues since US imposed import ban–DTI-EMB data - Business Mirror

Quick Summary:

PHILIPPINE exporters of bagoong or shrimp paste have lost P53.62 million in export revenues to the United States in just the span of one year after the US imposed a ban on shrimps that allegedly involve turtles in harvesting shrimp, data processed by the Department of Trade and Industry—Export Marketing Bureau (DTI-EMB) showed.

However, it can be gleaned from the data provided by the DTI-EMB that apart from the US, there are other markets which the Philippines exports bagoong to such as South Korea, Canada, Netherlands, Japan, Guam, Singapore, and Australia, among others.

The said provision in the US law has prohibited the importation of shrimp caught using commercial fishing technology that adversely affects turtles (the use of Turtle Excluder Devices).