Peru is the fifth most populous country of South America with a population of more than 31 million and has one of the best performing economies in South America, (World Bank, 2016). While the seafood sector only makes up for a small portion of the country’s GDP, it is a key component of the Peruvian economy as it is the highest source of foreign income after mining products. With its 3,080 km of coastline and 12,000 lakes and lagoons, Peru has perfect conditions for fishery and aquaculture activities. The nation’s marine fishery is well developed and operates in the Pacific Ocean, which borders Ecuador in the north and Chile in the south. The Peruvian anchovy marine fishery is the leading fishery in the world in terms of tonnes of landings and is used to uphold the country’s giant fish meal industry. The inland fisheries are less developed and are situated in rivers and lakes of the Amazon jungle. The aquaculture sector is small compared to the fish meal business and only contributes 2% to the countries total seafood sector. Aquaculture is practiced all over the country, with shrimp and scallop farming along the coast, trout farming in the highlands, and tilapia and Amazon fish farming in the lakes and rivers of the Amazon jungle. Compared to its neighboring counties, Peru’s aquaculture is still immature but the sector is growing rapidly. In March 2016 the Peruvian government published a regulation called the General Law on Aquaculture, which aims to stimulate, guide and regulate sustainable aquaculture in Peru.