Wednesday, December 8

Government eliminates and reduces withholdings of fishery products

While the decrease will be the fresh prawns, in packages of less than 1 kilo, the land-processed hake, squid and hamburgers and medallions, considered as “fish preparations.”

According to the information provided by the authorities, the retention of raw frozen shrimp will go from 7% to 9% as it is a product that is exported in bulk and has lower added value.

They estimate that this last percentage will cause an incentive to export the product in smaller containers directly for the gondola or fresh fish.

According to Executive records, the entire production chain has more than 25,000 blank workers, a number that represents a growth of 7% compared to 2020 and 4% compared to 2019.

While industry exports amounted to $ 1.8 billion in 2019 and $ 1.7 billion last year.

While the accumulated to September 2021 reaches US $ 1,500 million, 20% more than in 2020, and 14% over 2019 (same periods).

This measure of reduction and elimination of withholdings marks a difference with respect to the management of Together for Change, authorities said, since in 2018 the products of the segments began to pay withholdings of $ 3 for every dollar exported, which was 7.5 % and reached 5% at the end of 2019.

“The previous methodology did not provide incentives to generate local value and hurt certain products with historically lower rates,” they explained.

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