Catfish Indutry

Only available on StudyMode
  • Download(s) : 987
  • Published : November 6, 2012
Open Document
Text Preview
The bottom line of this entire story is to know and trust your vendor and supplier. There are well known companies that produce their catfish in countries such and Vietnam. Companies such as these usually use develop good relations with suppliers and are not likely going to purchase a product which is unhealthy, dangerous, or in some other way liable to cost them a law suit. I believe it is fair business practice for Vietnamese catfish importers to step in and capture market share while the market has been expanded due to the domestic industry. In a reverse situation I feel American catfish importers would have done the same thing. It happens for frequently in every business sector, when an industry starts expanding and shows the potential to make a lot of profits, of course you are going to try and capture some of those profits. I do feel that if quality differences exist they should be some sort of label to distinguish between the two like in the beef industry. In this industry, there is a different grade of beef to determine the quality of said beef; the exact same thing could be done in the catfish industry. Grade A is going to be your top quality catfish, and thus would carry a higher price than say grade D catfish. By using this type of labels, you wouldn’t have to worry about a label ban because it strictly labeled already with the quality. Higher grade catfish would still carry the premium price of lesser quality imports. I do believe most industries can influence U.S. lawmakers to make decisions in its favor. The United States is a very protectionist type of economy. It’s been shown numerous times throughout our countries history that lawmakers aren’t opposed to putting tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow fair competition between imports and domestic products.
tracking img