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
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
Goan Fisher Leader Olencio Seminoes Criticizes Central Government Over Sagarmala Project at Global Forum
In a strong condemnation, Goan fisher leader Olencio Seminoes has vehemently criticized the Indian central government for its handling of the Sagarmala project, a massive port development initiative aimed at modernizing India’s ports. Seminoes voiced his concerns at a global forum for fisher people held in Brazil, where he represented
GSA Unveils Seafood Processing Standard 6.0: A New Era in Global Seafood Safety and Sustainability
The Global Seafood Alliance (GSA) has made a significant milestone in the seafood industry with the official release of the Seafood Processing Standard (SPS) version 6.0. This latest iteration is designed to meet the stringent requirements of the Global Food Safety Initiative (GFSI) and marks a substantial advancement in ensuring
India’s Frozen Shrimp Exports Under Threat: US CVD Imposes Significant Challenges
The Indian seafood industry, particularly the frozen shrimp export sector, is facing a significant hurdle as the United States has imposed hefty countervailing duties (CVD) on imports from India. This development threatens to disrupt the lucrative trade relationship between the two countries and has the potential to impact livelihoods of
Revitalizing India’s Seaweed Industry: New Guidelines for Importing Live Seaweeds
In a pivotal move to enhance the development of seaweed enterprises, the Ministry of Fisheries, Animal Husbandry and Dairying has notified the ‘Guidelines for Import of Live Seaweeds into India’. This initiative is designed to bolster the economic prospects of coastal villages, ensure livelihood sustainability for the fisher community, and
US Import Ban on Indian Wild-Caught Shrimp: A $500 Million Loss and Its Impact on Fishermen’s Livelihoods
The United States has imposed a ban on the import of wild-caught shrimp from India, citing concerns over the use of turtle excluder devices (TEDs) in Indian fishing vessels. This move has resulted in a significant loss of approximately $500 million for the Indian seafood industry, with far-reaching consequences for
Goa’s Seafood Exports Decline by 14% Amid Global Challenges and Shifting Consumer Preferences
Panaji: Goa’s seafood exports, which had been on a steady rise over the past five years, faced a significant setback in the 2023-24 fiscal year, with a 14% decline in export volumes. After reaching a peak of 63,333 tonnes worth ₹1,00,761 lakh in 2022-23, the export figures dropped to 55,167
Kerala’s Shrimp Export Crisis Deepens as Japan Cuts Imports: Implications for the Industry and Farmers
The shrimp export crisis in Kerala has reached a critical juncture following Japan’s recent decision to significantly reduce its imports of Indian shrimp. This development poses serious challenges for the state’s aquaculture sector, especially in the context of its dependence on the Japanese market, which has historically been a key
Indian Shrimp Industry Fights Back Against Allegations, Seeks Government Support
Indian shrimp exporters are facing accusations from a foreign lobby that their products are contaminated and produced using forced labor. This lobby is targeting the lucrative US market, where India has a 40% market share. The accusations stem from allegations by a former employee of a Kerala-based shrimp processing company,
India Aims to Double Seafood Exports in Two Years, Debunking Safety Concerns
A senior Indian government official has outlined ambitious plans to significantly boost the country’s seafood export industry. The goal is to reach Rs 1 lakh crore (approximately $12.5 billion) within the next two years. This strategy hinges on increasing processing capacity and transitioning to higher value-added seafood products. The official,
A Heartfelt Dive into India’s Shrimp Saga: Crafting a Future Where Everyone Wins
Let’s chat about something that’s been bubbling up in the world of seafood – the Indian shrimp industry. You might’ve heard some buzz, with folks taking sides and a bit of drama unfolding. Elias Sait from the Seafood Exporters Association of India wasn’t too thrilled, calling out what he sees