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Lewis Giurato

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Information about Lewis Giurato
Education

Published on February 20, 2008

Author: Herminia

Source: authorstream.com

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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

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