US tariff reduction boosts Indian seafood exports
after close1 source ↓written by the desknot a recommendation
- seafood exports
- 25% to 18%
- previously
- 58%
- in volume
- 15%
- in value
- 6.3%
The United States has reduced tariffs on Indian seafood exports from 25% to 18%, providing significant relief to exporters in Andhra Pradesh. This decision, part of the India–US trade agreement, is expected to ease the burden on the aquaculture sector, which faced tariffs as high as 58% previously.
The minister noted that India's seafood exports to the US had declined by 15% in volume and 6.3% in value during the last year, highlighting the importance of this tariff cut for future growth.
Not investment advice. For informational purposes only.