The Complex Landscape of India-US Shrimp Trade: Navigating Tariffs, Duties, and Diplomatic Challenges
Introduction: A Delicate Trade Ecosystem The shrimp export corridor between India and the United States represents a complex interplay of economic interests, trade policies, and diplomatic negotiations. Far from being a straightforward commercial relationship, it is characterized by intricate regulatory mechanisms, protective measures, and ongoing strategic assessments. Historical Context and
India’s Culinary Exports Soar: Seafood and Wine Take Center Stage on Global Platform
In a remarkable display of India’s growing international trade prowess, the country has witnessed a significant surge in seafood and wine exports, showcasing its culinary excellence on the global stage. The Ministry of Commerce and Industry revealed impressive statistics that highlight the nation’s expanding agricultural and marine product sectors. At
India Embarks on Transformative Marine Fisheries Census: A Blueprint for Sustainable Aquaculture
On World Fisheries Day, November 21, 2024, the Indian government launched an ambitious set of initiatives aimed at revolutionizing the marine and inland aquaculture sectors. Spearheaded by Union Minister for Fisheries Rajiv Ranjan Singh, these projects are set to bolster India’s blue economy and ensure sustainable fisheries management. The Marine
Uttarakhand Shines: Awarded Best State for Fisheries Development in India
Uttarakhand, often celebrated for its breathtaking landscapes and rich biodiversity, has recently added another feather to its cap by winning the prestigious Best State Award in Fisheries Development. This recognition not only highlights the state’s successful aquaculture initiatives but also emphasizes its commitment to sustainable practices, community engagement, and innovative
ICES Experts Propose Revolutionary Framework for Marine Aquaculture Classification: Redefining ‘Open Ocean’ and ‘Exposed Aquaculture
The International Council for the Exploration of the Sea (ICES) Working Group on Open Ocean Aquaculture (WGOOA) has proposed a groundbreaking redefinition of marine aquaculture terminology, aimed at improving site selection, operational efficiency, and regulatory frameworks in the growing aquaculture industry. The Need for Clear Definitions Traditional classifications of marine
Marine Aquaculture Market Set for Significant Growth: Projected to Reach USD 300 Billion by 2032
The marine aquaculture market, encompassing the cultivation of marine organisms in oceanic or enclosed seawater systems, is on the brink of substantial growth. According to recent projections, the market is expected to grow from approximately USD 176.8 billion in 2024 to an impressive USD 300 billion by 2032, achieving a
Canned Sardines: A Surprisingly Lucrative Bite-Sized Business Boom
Move over tuna, there’s a new king of the canned fish aisle, and it’s swimming in a wave of popularity. The humble sardine, packed with nutrients and flavor, is experiencing a surge in demand, turning the canned sardine market into a surprisingly lucrative business opportunity. According to a recent study
New Study : India’s Seafood Consumption Projected to Double by 2048
A new study paints a promising picture for India’s seafood industry, predicting a significant rise in fish consumption within the next two and a half decades. The “Fish Consumption in India: Patterns and Trends” Study This research, conducted jointly by ICAR (Indian Council of Agricultural Research) and WorldFish, along with
Shrimp Sinking: What’s Causing the Industry Downturn?
The shrimp industry holds a significant position in India’s total seafood basket. In FY23, the country’s seafood exports amounted to $8 billion, with frozen shrimps commanding a whopping 70 per cent share of this total. However, the industry has weathered rough times of late. From losing its crown as the
Indian Seafood Exports See Dip, But Hopeful Signs Emerge for Recovery
India’s once-booming seafood export industry is currently weathering a storm. While the initial target for FY24 was a robust $9.25 billion, current estimates project a more modest figure of around $7.5 billion, falling short of the previous year’s $8.09 billion. This decline can be largely attributed to the sharp drop
A Net Cast for a Sustainable Future: Report Explores Energy Transition Challenges and Opportunities for Developing Countries’ Fishing Fleets
A new report published today sheds light on the complex challenges and promising opportunities associated with transitioning fishing vessels in developing countries towards renewable energy. Titled “Energy transition of fishing fleets: Opportunities and challenges for developing countries,” the study delves into the intersection of climate change, CO2 emissions, and fishing
Marine-Based Ingredients for Cosmetics: A Growing Market with Potential
The cosmetic industry is constantly looking for new and innovative ingredients that can offer effective solutions for various skin concerns. Among the many sources of natural ingredients, marine-based ones have gained increasing attention in recent years due to their unique characteristics and benefits. Marine-based ingredients are derived from aquatic organisms,
Global Wild-Caught Whitefish Supply to Remain Flat in 2024
The International Groundfish Forum has predicted that the global supply of wild-caught whitefish will remain flat in 2024, with some species seeing gains while others see big drops. The total supply of wild-caught whitefish is expected to be 7.042 million metric tons (MT), down just 1,000 MT from the 7.043
GSF Report Empowers Shrimp Industry: Insights for Boosting Consumption
In April 2023, the Global Shrimp Forum (GSF) revealed its strategic decision to utilize surplus funds from its inaugural event for a purposeful initiative. These funds were dedicated to commissioning a comprehensive study aimed at researching and understanding effective strategies to promote increased consumption of shrimp. Arnd Jan Gulmans, an- 1
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