US taxpayer funds went to foreign competition for domestic shrimpers
Fishermen and shrimpers in the United States have been in a decades-long battle with the very institutions meant to protect them, specifically the U.S. Treasury Department and its World Bank delegation. U.S. trade law bars the support of competing industries in which there is excess supply. Despite such laws, U.S. taxpayers spent two decades funding “aquaculture” projects in Vietnam, India, Ecuador and Indonesia, countries that now supply the overwhelming majority of shrimp to U.S. consumers. “There’s a law on the books that requires the United States, their directors that are at these international financial institutions, to use their voice and vote to oppose any project that where there’s a commodity that’s produced in surplus and where export to the United States would seriously injure a domestic industry,” Nathan Rickard, a trade lawyer who represents the Southern Shrimp Alliance,,, more, >>CLICK TO READ<< 12:45
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