European Union 1997 Seafood-Safety Ban: The Economic Impact on Bangladesh Shrimp Processing

Major markets for Bangladesh frozen shrimp are the European Union, the United States, and Japan. Bangladesh frozen shrimp imports into the EU and the United States have experienced safety and quality problems. The 1997 European Commission ban on Bangladesh seafood imports into the EU cost the Bangladesh frozen shrimp processing industry US$14.665 million in lost revenues.