New Delhi, Sep 08, 2016: US cuts obligation barrier on shrimp import. The reduction in anti-dumping responsibility by the US authorities on import of frozen shrimps from India is prone to enhance exports, say exporters. “The final common obligation is mounted at 2.2 per cent. The preliminary obligation  finalised earlier was  four.98 per cent. The discount will open up alternatives for small exporters, too,” stated Ajay Dash, president, Seafood Exporters Association of India, Odisha area. Our affiliation is attempting for a evaluate, to make it zero for exporters, Sprint added.

US cuts obligation barrier on shrimp import.

America is the main importer of Indian seafood, with 28.5 per cent by way of dollars. They took $1.33 billion in 2015-16, up 18.5 per cent in amount however down eight.5 per cent in dollar value and a decline of two.2 per cent in rupee phrases. “Frozen shrimp continued to be the principal merchandise exported to USA, with 94 per cent in dollar value. Export of Vannamei shrimp rose 22.5 per cent in amount however dropped by 5.three per cent in dollar phrases. Equally, export of Black Tiger shrimp improved by 6.6 per cent in amount however decreased by 30.three per cent in dollar earnings,” went a latest official assertion as US cuts obligation barrier on shrimp import.

USA is India’s largest market (134,144 tonnes) for frozen shrimp, adopted by the EU (81,849 tonnes), Southeast Asia (65,188 tonnes), Japan (34,204 tonnes), West Asia (17,477 tonnes) and China (9,542 tonnes) and others (31,464 tonnes).

Photo Courtesy: business-standard.com