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Thailand promotes prawn industry to counter slavery row

Workers sort prawns at a market in Samut Sakhon province, a Bangkok suburb, on October 22, 2014Thailand went on a charm offensive in defence of its prawn industry this week, seeking to convince Europeans that it is responding to allegations of slavery and torture in its fisheries sector. The fishing industry accounts for 40 percent of Thai exports of food products and is a mainstay of the economy. Thailand pulled out the stops for the SIAL international food fair outside Paris this past week, sending a delegation replete with officials from the labour and fisheries ministries, plus police and anti-human trafficking experts as well as industry leaders. According to a June article by the British daily The Guardian, there is a lot to be done by Thailand's prawn industry, the world's largest, which sends about a quarter of its exports to the United States where they are known as shrimp, and 15 percent to Europe.


Today's Rates*

TermRateAPR
30 Yr Fxd3.99%4.23%
15 Yr Fxd3.125%3.543%
5 Yr ARM2.99%3.058%
*=This is only an estimate, provided for illustrative purposes only. Actual rates and payments may vary. It does not constitute a quote.

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