Taiwan Announces Zero Tariff on Belizean Shrimp, Honduras Faces Challenges
In a recent trade decision, Taiwan announced that it will impose a zero tariff on white shrimp from Belize, a move that may challenge Honduras. This action is aimed at stimulating the domestic market and strengthening trade relations with Belize.
Belizean white shrimp is valued for its quality and market demand, and with the removal of tariffs, its competitiveness in Taiwan has risen, putting pressure on Honduran seafood exports. Many experts predict that this could pose serious challenges for Honduras's shrimp industry.
