Sri Lanka, July 16 -- The Fisheries and Aquatic Resources Ministry introduced a comprehensive new Standard Operating Procedure (SOP) for shrimp re-export operations, aiming to address longstanding challenges and strengthen Sri Lanka's position in the global shrimp market.

The move is seen as a major step forward in safeguarding the country's shrimp export sector, which brings in significant foreign exchange revenue.

Despite the rising international demand for Sri Lankan shrimp, recent trends show a drop in domestic production and increased local consumption particularly due to the growth of the tourism industry. In response, the government previously allowed the importation of foreign shrimp for value addition and re-export to ensure co...