Europe & EU

Seafood exporters look at alternatives to US, Europe


With the European Union (EU) and United States (US) adopting various restrictive measures to curb import, Indian exporters are exploring new markets.


India exported $5.8 billion (Rs 37,870 crore) of products in 2016-17. The was the largest market; the was third.



“We believe that in the short and middle term, Indian exporters would look at other markets like Japan, Korea, CIS, Eastern Europe and the Middle East. Developing these markets further for products from India should be the next logical step for (Marine Products Export Development Authority) and the industry. and continue to be strong buyers and there are strong signs of substantial increase in India’s export quantities to these two markets,” said Rahul Kulkarni, director, WestCoast Group, a leading shipper.


Rajen Padhy, a trader, agreed: “With the restrictions and anti-dumping duty in the US, the focus has shifted to East Asia and Southeast Asia.”


China, and are the newly emerging markets.


The has extended anti-dumping duty on Indian products for another five years. The has strengthened its inspection norms for aquaculture products from India, from testing of samples from at least 10 per cent of consignments to 50 per cent from last year.

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Also, “indications are coming that the is going to ban Indian shrimp. If this occurs, exporters will certainly tap emerging markets like the Gulf and Far East countries,” said Kamlesh Mishra, president, Sea Food Exporters Association of India (Odisha region).


He added that the government should talk to the to ensure trade isn’t disrupted like this.


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