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Description Upload on
1 To complete this report the consultants from Buen Día software and consulting Inc. used reports from the United Nations Food and Agriculture Organization (FAO), Foreign Direct Investment, World Bank Group(FDI) and the Organización Latinoamericana de Desarrollo Pesquero (OLDEPESCA)


Analysis

We found that Aquaculture Engineering Group Inc. could be marketing to South America in eight countries, where in the initial stage of the study the best probabilities were in Peru.

On further analysis, following information from Latin American aquaculture production, we discovered there was a substantial possibility for success in the Food and Beverage sectors (Sector classification from FDI 8) and in the agricultural sector (Sector classification from FDI 8)
The FDI report shows that 95% of total Investment Success Opportunities are centred in four countries: Colombia, Peru, Brazil and Chile with a total of 53 Foreign Direct Investment Opportunities in these countries.


Recommendation

Our recommendation is to focus our initial search in these four countries, with an emphasis on Peru and Colombia. Of the opportunities we found for Aquaculture Engineering Group Inc., 60% of them were in these two countries.

In Peru, the fisheries sector is a key component of the country’s economy. It is the second highest generator of foreign currency after mining, accounting for 1.124 million dollars in exports in 2001 and employs around 125,000 people. The aquaculture sector right now is experiencing growth, mainly due to the growing interest in scallop aquaculture and the recovery of the shrimp industry.

On the other hand Colombia has one of the planet’s greatest fish diversity and a high biodiversity of hydro-biological organisms. Its abundant fresh, brackish, marine waters, and appropriate lands contribute to the vast potential for the development of aquaculture. The range of species allows aquaculture production in all climatic regions. Aquaculture (both marine and freshwater) grew at the rate of 7.603% between 1985 and 2002, which indicates that it is a promising economic activity that may contribute substantially to the total national fisheries production and to food security.
June 04, 2009
 
 
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