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Gujarat: Marine exports hit by foreign regulations, weather, competition by Kalpesh Damor January 06,2020   |  Source: The Times of India

After growing for three consecutive years, Gujarat’s marine exports in value terms declined by 5.33% in 2018-19. Stricter regulations in traditional markets like US and the European Union (EU), changing consumer requirements and evolving trade scenario have resulted in lower exports. Gujarat’s marine exports dipped to $798 million (approximately Rs 5,666 crore) in 2018-19 from $843 million in 2017-18, according to a report by Drip Capital, a US-based trade finance company.

According to the Marine Products Exports Development Authority (MPEDA) under the Union ministry of commerce and industry, Gujarat’s marine exports in volume terms plunged from 3,12,568 tonnes in 2017- 18 to 3,05,326 tonnes in 2018-19. The exports are likely to be lower in 2019-20 as extended monsoon and multiple cyclone warnings shortened the fishing season and led to a 40% decline in annual fish catch. “The EU and the US are major markets for Indian marine products. However, their regulations and import guidelines are very stringent. If one consignment is rejected, other buyers shy away from placing their orders,” said Rajan Kumar, a scientist at Central Marine Fisheries Research Institute (CMFRI), Veraval. Increase in countervailing duty by developed countries from time to time also affects

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Years in Support of Small Scale Fishworkers (1986 - 2018)