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Labrish
Nyuuz
Modi, Starmer sign pact giving Indian seafood zero duty in UK
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[QUOTE="Munyaradzi Mafaro, post: 54866, member: 636"] The Comprehensive Economic and Trade Agreement between India and the United Kingdom eliminates import duties on seafood products, granting Indian exporters competitive advantages in premium markets. Prime Minister Narendra Modi and UK leader Keir Starmer formalized this partnership, which addresses previous tariff disadvantages faced by Indian suppliers competing against Vietnam and Singapore. The Ministry of Fisheries, Animal Husbandry and Dairying reports that 99 percent of tariff categories receive zero-duty treatment under the new framework. Indian seafood shipments generated $7.38 billion during 2024-25, with frozen shrimp representing 66 percent of total earnings at $4.88 billion. British markets currently receive $104 million worth of Indian marine products annually, with frozen shrimp contributing $80 million of this total. Enhanced access benefits producers of Vannamei shrimp, frozen squid, lobsters, frozen pomfret, and black tiger shrimp varieties. This agreement strengthens India's position as a sustainable seafood supplier while supporting coastal communities dependent on marine resources. The pact enables domestic exporters to expand beyond traditional markets and leverage India's production capabilities. [/QUOTE]
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Nyuuz
Modi, Starmer sign pact giving Indian seafood zero duty in UK
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