3 ms·

> Fishing is not as big as oil, but it is still an important part of the economy Meh. It employs 7k-10k people and contributes 0.7% of the economy. That is chi

> Fishing is not as big as oil, but it is still an important part of the economy Meh. It employs 7k-10k people and contributes 0.7% of the economy. That is chickenfeed, and a particularly dumb thing to give up their principles over - particularly because processed fish are a fungible commodity and could be sold for the same price outside of China.

klunger 9y ago
It is roughly 5.4% of exports http://atlas.media.mit.edu/en/profile/country/nor/#Exports http://atlas.media.mit.edu/en/profile/country/nor/#Exports Does not compare to oil I guess, but I would not call it chickenfeed. It probably does get oversized media attention though, which is why this has so much domestic support.
HillaryBriss 9y ago
> processed fish are a fungible commodity and could be sold for the same price outside of China yes. right. that aspect of this story puzzles me. i thought that was how globalism worked. i mean, can't Norway just sell the fish to, say, Canada, which could then sell its farmed salmon to China, etc? i can't quite see what difference this will make. is Norway geographically closer to China than other salmon producing nations? how do they explain this?
- pmontra 9y ago
  Those triangulations are possible only if the destination country is willing to pay a premium for the banned goods. Norwegian salmon would cost more in China because the Canadians are going to put some markup on it (and fairly, because they'll have to do some work on their own.) Or keep the same price for the consumer and gain less. In both cases Norway is going to lose money compared to normal commercial relationships.
  - HillaryBriss 9y ago
    Right. Sorry, I didn't explain my thoughts well. This is more what I had in mind: Instead of selling its salmon to China, Norway sells all of its salmon to the US, France and Germany. So now US, French and German consumers buy that much less salmon from other salmon farming countries like Chile and Canada. And Chile and Canada are free to sell their farm-raised salmon to China.
    - pmontra 9y ago
      In principle you are right. In practice the supply chains must get some incentive to switch to new suppliers. Perfect cooperation would suffice but usually it's price cuts.

klunger 9y ago

It is roughly 5.4% of exports http://atlas.media.mit.edu/en/profile/country/nor/#Exports http://atlas.media.mit.edu/en/profile/country/nor/#Exports Does not compare to oil I guess, but I would not call it chickenfeed. It probably does get oversized media attention though, which is why this has so much domestic support.

HillaryBriss 9y ago

> processed fish are a fungible commodity and could be sold for the same price outside of China yes. right. that aspect of this story puzzles me. i thought that was how globalism worked. i mean, can't Norway just sell the fish to, say, Canada, which could then sell its farmed salmon to China, etc? i can't quite see what difference this will make. is Norway geographically closer to China than other salmon producing nations? how do they explain this?

pmontra 9y ago
Those triangulations are possible only if the destination country is willing to pay a premium for the banned goods. Norwegian salmon would cost more in China because the Canadians are going to put some markup on it (and fairly, because they'll have to do some work on their own.) Or keep the same price for the consumer and gain less. In both cases Norway is going to lose money compared to normal commercial relationships.
- HillaryBriss 9y ago
  Right. Sorry, I didn't explain my thoughts well. This is more what I had in mind: Instead of selling its salmon to China, Norway sells all of its salmon to the US, France and Germany. So now US, French and German consumers buy that much less salmon from other salmon farming countries like Chile and Canada. And Chile and Canada are free to sell their farm-raised salmon to China.
  - pmontra 9y ago
    In principle you are right. In practice the supply chains must get some incentive to switch to new suppliers. Perfect cooperation would suffice but usually it's price cuts.