Taiwan will be in dire straits if diplomatic relations are severed! “This country” 60% of white shrimp farms have closed down and are facing 5 crises | International | Sanli News Network SETN.COM

International Center/Reported by Liang Xueting

▲The Republic of Honduras will end diplomatic relations with Taiwan in 2023. (Picture/File photo)

The Republic of Honduras ended diplomatic relations with Taiwan in 2023. However, one year after the cessation of diplomatic relations, it still owes Taiwan 13.8 billion. The export volume of white shrimp has also dropped sharply, leading to an increase in local unemployment, population emigration, labor loss, and exacerbating poverty. phenomenon.

According to local media “El Heraldo” in Honduras, Taiwan and Mexico have closed their markets, and at least 250 white shrimp farms in Honduras have been forced to close. Industry insiders pointed out that this crisis stems from the severance of diplomatic relations with Taiwan and the conflict with Mexico, and the conflict has reached the legal level. For several years, small, medium and large producers have faced the threat of losing business due to the closure of foreign markets. Reports indicate that one of the industries that creates thousands of jobs and drives the country’s economy is slowly sinking due to poor political decisions, lack of government support and the closure of international markets. In response, people in southern Honduras are demanding a response from the government.

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▲60% of white shrimp farms in Honduras have been closed. (Schematic diagram/data photo)

Statistics point out that in the hot southern regions, surprisingly, the ponds that once raised shellfish completely dried up and turned from a place suitable for shrimp farming into a huge football field. The EL HERALDO Plus investigative team confirmed that nearly 250 shrimp farms were forced to close, exposing the serious economic crisis in the region. Additionally, thousands of workers are being laid off as hopes of rebuilding the mega-mall are fading.

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The report mentioned that there are about 420 farms in the area, so the closure of 250 white shrimp farms is a terrible thing. In other words, 60% of the farms are not functioning, causing a major blow to the Honduras economy. It is estimated that in the first quarter of 2024 alone, there will be about US$20 million (about 490 million lempira; about NT$650 million) in foreign exchange losses: of which US$16 million (about NT$520 million) has stopped exporting to In the Taiwan market, exports of US$4 million (approximately NT$130 million) to the Mexican market have been stopped. It is estimated that the avalanche of white shrimp exports has directly affected the economy of southern Hong Kong, leading to high unemployment, emigration, labor loss, and exacerbating poverty.