Argentina’s fishing industry aids in the country’s economic recovery

Argentina’s fishing industry has consolidated itself as the sector of the economy that showed the highest annual recovery rate in 2021, according to the Monthly Estimate of Economic Activity (EMAE), a tool developed by the country’s National Institute of Statistics and Censuses (INDEC).

Argentina’s fishing expanded 251% in the previous year, according to data given by the Ministry of Agriculture, Livestock, and Fisheries, making it the country’s most improved activity.

The figures for 2021 are a good representation of the current state of the Argentine fishing sector. The year’s interannual record of activity, as evaluated by INDEC, showed a gain of 12.3 percent in the month of January last year. The month of March saw a 59.2 percent growth, while the month of June saw a 108.7 percent increase, continuing the 2020/2021 comparison.

All these numbers show how Argentina’s fishing industry continues to lead the country’s economic growth and, in turn, marks an extraordinary recovery compared to previous years.

However, a well-managed sector with the ability to attract investment is essential to maintain the current pace.

For example, aquaculture, which is directly linked to traditional fishing, got 72 million pesos in investments last year, marking a starting point for the take-off of this activity, which is a pole of development and source of employment.

At the same time, the creation of the National Aquaculture Forum was requested a few days ago, showing how the sector seeks to project itself as a protagonist in the country.

Guillermo Abdala Bertiche, Argentina’s national director of aquaculture, emphasizes the importance of direct contact with provinces, not necessarily those with direct access to the sea, but those that want to incorporate or maintain fishing activities that aren’t just for the domestic market, but also for export.

Source: Pescare

To read the full original article please visit: https://www.pescare.com.ar/el-sector-pesquero-afianza-el-liderazgo-de-la-recuperacion-economica/

Sharing is caring!