Lewis Giurato

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Trade Policy Changes Attempt to Spur Tsunami Affected Countries: 

Trade Policy Changes Attempt to Spur Tsunami Affected Countries Emily Lewis Agribusiness - University of Georgia Jessie Giurato Agribusiness - University of Georgia

Tsunami Facts: 

Tsunami Facts Hit South Asia area December 26, 2004 500 km from coast of Indonesia Affected five million people with the hardest hit groups being: Fisheries Crop and Livestock Offer aid by lowering trade tariff in shrimping industries

Indonesia Will Not Benefit From Lower Shrimp Tariffs: 

Indonesia Will Not Benefit From Lower Shrimp Tariffs Shrimp is not a top export for Indonesia In 1996 shrimp contributed 0.0132% to Indonesia’s GDP In 2002, it contributed 0.0016%. That’s a 84% decrease!

Total Indonesia Shrimp Export Value Compared to Indonesia GDP: 

Total Indonesia Shrimp Export Value Compared to Indonesia GDP

Indonesia Shrimp Exports Contribution to Total Fishery Exports: 

Indonesia Shrimp Exports Contribution to Total Fishery Exports

Increasing Shrimp Imports Will Decrease U.S. Shrimpers’ Production: 

Increasing Shrimp Imports Will Decrease U.S. Shrimpers’ Production Small increases in exporting will not affect Indonesia Small increases in importing will devastate U.S. producers

Foreign and Domestic Share of U.S. Shrimp Market: 

Foreign and Domestic Share of U.S. Shrimp Market Imported shrimp already dominates the U.S. market!

U.S. Shrimp Consumption: 

U.S. Shrimp Consumption

If Shrimp Imports Market Share Increased by 1% : 

If Shrimp Imports Market Share Increased by 1%

Conclusion: 

Conclusion Shrimp is not a significant contribution to Indonesia’s economy A slight increase in shrimp imports to the U.S. would devastate U.S. shrimp producers With this policy change: no one benefits U.S. shrimp producers will lose