Ecuadorian shrimp sustainability initiative receives EU support

Shrimp initiative gets EU support Ecuadorian shrimp sector is receiving EU support towards sustainability. Image: SSP

To boost the competitiveness of Ecuadorian shrimp and increase exports to European countries, the investment fund of the European Union is ready to allocate resources to the Sustainable Shrimp Partnership (SSP), through the Export-Des a programme of the Corporation for Exports and Investments Promotion (CORPEI).

The EU is supporting SSP with the aim of increasing the number of entities, especially small and medium-sized producers, to participate in the initiative. As members of SSP, companies are committed to achieving, and promoting, the highest quality products, produced to the highest social and environmental standards, including zero use of antibiotics.

The total investment amount is $148,000, of which $74,000 will be financed by the EU, and $74,000 will be contributed by the National Chamber of Aquaculture (CNA). The Cooperation Agreement was confirmed following signature by Eduardo Egas, Executive President of CORPEI, and José Antonio Camposano, CNA Executive President.

"The European Union, within the framework of the Free Trade Agreement with Ecuador, created the fund to boost the competitiveness of the national product, and increase the exportable supply to that destination. EU resources, which are managed by CORPEI, seek to invest in projects such as SSP that promote sustainable production," Eduardo Egas said.

José Antonio Camposano explained that the European Union market consistently demands the highest-quality products which can demonstrate responsible production practices; and while  Ecuador has shown that it meets these requirements, sustainability is a process of continuous improvement and we must always be looking to the future.

“Ecuador has always demonstrated its leadership in sustainability, but we must continue to evolve. Sustainability criteria are not static- they are always changing as circumstances change and as technology advances. What is sustainable today, will likely not be done tomorrow," he said, commenting that this investment supports the sustainable growth of the Ecuadorian shrimp industry, which will generate more employment and development.

“Via the SSP platform we are looking to the future, and recognising where we can evolve and how we can ensure we are continually providing a product to meet changing consumer demands. This investment fund will support us in getting more Ecuadorian production into the programme and increasing the supply of sustainable, traceable and antibiotic-free shrimp into the EU marketplace.”

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