ICSFDC News Alerts

India: An export advantage on marine food products vis-à-vis India in accessing EU markets by V Sajeev Kumar June 19,2020   |  Source: The Hindu Business Line

Seafood exporters are anxious about the EU-Vietnam FTA (free trade agreement) that is expected to give Vietnam an export advantage on marine food products vis-à-vis India in accessing EU markets. EU has totally eliminated the import tariff on frozen shrimp and other shrimps, marked at 4.2 per cent under the GSP (Generalized System of Preferences). Other frozen products such as skipjack tuna, surumi, and cuttlefish, octopus (prepared or preserved) will be totally eliminated from tariffs, official sources said, adding that the import tariff for India for these items ranges from 4.2 per cent to 18.5 per cent.

Staging category

In addition, Vietnam will be benefited from tariff relaxation under the staging category for some products where India has export potential. This includes crab (prepared or preserved), frozen fish, prepared or preserved sardines, cuttlefish and squids. Here, the import tariff for India ranges between 2.5 per cent and 2.8 per cent. Since the agreement would give improved market access to Vietnam in the EU, sources in the sector told BusinessLine that an early execution of India-EU FTA is essential to help the domestic industry. India exported $900 million worth seafood to EU in 2018-19 and holds the third position after the US and Japan. The total shrimp

Post Comment


Select Date:

Select Themes

Subscribe for DC News Alerts
Years in Support of Small Scale Fishworkers (1986 - 2018)