New rules for Peruvian canning industry will allow Ecuador to fish tuna in its waters
6th February 2003
Ecuadorian tuna fishing vessels are thinking to move and fish in Peruvian waters because of the reduction in taxes, which is a Peruvian attempt to promote the tuna canning industry.
Ecuador and Peru were thinking about promoting the tuna fishing globalization. This is an idea explained by Ecuadorian Tuna Boat Owners Association (Atunec) president, Lucía Fernández de Genna, and it could be further developed by a Peruvian campaign to attract foreign tuna fleets.
Peruvian industry is looking for investors by promoting tuna fishing and canning because they have canneries with capacity to produce up to 300 tons of fish a day.
Peru's government has established tax benefits to the tuna industry and allows a 5 percent profit margin on gross revenue obtained from sales for all domestic or foreign companies exporting fish from Peru.
Ecuador is also asking for incentives for the fishing sector, facilitating fishery within national territory and promoting a campaign to increase national fish consumption.