Shrimp Exports from Bangladesh: Prospects and Challenges

Topics: European Union Pages: 2 (488 words) Published: October 15, 2010
Shrimp Exports from Bangladesh: Prospects and Challenges
News Issue 6, 5 October 2009

To address the recent challenges faced by the Shrimp sector in Bangladesh, the Market Development Forum (MDF) joined hands together with the Bangladesh Frozen Foods Exporters Association (BFFEA), Fishery Products Business Promotion Council (FPBPC) and Bangladesh Shrimp and Fish Foundation (BSFF) and organized a seminar on “Shrimp Exports from Bangladesh: Prospects and Challenges” which identified the opportunities and challenges facing the sector, including nitrofuran residues, traceability and certification and proposed recommendations to address the challenges. Katalyst played a key role in the planning, executing and financing of this event along with IDE-Bangladesh and USAIDPRICE from the MDF members. The honorable Minister of Commerce delivered the inauguration speech, while the honorable Minister of Fisheries and Livestock delivered the closing speech of the seminar. Ministry of Commerce, Ministry of Fisheries and Livestock, Department of Fisheries, Export Promotion Bureau, Bangladesh Quality Support Program, Golda Hatchery Association of Bangladesh and many other public and private stakeholders actively participated in the seminar through presentations, speeches and discussions. The participation of Global Aquaculture Alliance and CP (Charoen Pokphand) Foods PLC made the seminar more effective due to the new information and valuable recommendations they brought in for our the Bangladesh shrimp export. The shrimp export had experienced a decline during 2009 due to global recession, natural calamities and a self-imposed ban on fresh water shrimp (prawn) exports to EU countries. The voluntary export ban was followed by over 60 rapid alerts this year from the EU countries due to the alleged discovery of traces of nitrofuran contamination in the exported prawn. The rapid alerts in 2009 alone point out to the fragility of the industry on issues related to

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