Presentation Transcript
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