4 months ago
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Andhra Pradesh Minister for Agriculture, Cooperation, Marketing, Animal Husbandry, Dairy Development and Fisheries Kinjarapu Atchannaidu has welcomed the determination of the United States to trim tariffs connected Indian seafood exports to 18% from the existing 25%, describing it arsenic a large alleviation for exporters and the aquaculture sector.
In a connection connected Tuesday, Mr. Atchannaidu said the tariff reduction, effected nether the India–U.S. commercialized agreement, was expected to importantly payment seafood exporters successful Andhra Pradesh, peculiarly those engaged successful aquaculture.
The earlier tariff regime, coupled with punitive duties, had pushed the effectual load to 50–58%, severely impacting shipments to the U.S. Due to the precocious duties, India’s seafood exports to the U.S. betwixt April and November-2025 had declined by 15% successful measurement to 2.01 lakh MT, portion the export worth fell by 6.3% to US $1.72 billion. Frozen shrimp, India’s cardinal export point to the U.S., was the worst-affected, the Minister said.
With tariffs present lowered to 18%, Mr. Atchannaidu said that the Indian seafood regained competitiveness successful the U.S. market. Stalled export orders were expected to resume, and consignments presently held successful bonded warehouses were apt to beryllium released, helium said.
The Minister projected a 10–15% summation successful seafood exports to the U.S. successful the months to come, with volumes expected to instrumentality to the pre-tariff level soon. He added that nett margins successful seafood processing, which had fallen to 5–5.5%, could retrieve to 7–8%.
The Minister besides said work concessions successful the Union Budget-2026 and unchangeable request from non-U.S. markets would further fortify the sector, benefiting farmers, fishermen and the State’s fisheries economy.
