In the wake of Norway's unprecedented proposed 40 percent tax hike on the country's salmon farmers announced this week, many are now wondering whether Chile, the world's second largest salmon farming nation behind Norway, will follow suit.

Norway's proposed tax, which must still be approved by the Norwegian Parliament, is set to take effect beginning in 2023, affecting farmers that produce more than 4,000 metric tons annually.

Governments in other salmon farming countries are tracking developments in Norway. In the Faroe Islands, new