Indian seafood exporters are prepared to send 35,000-40000 tons of shrimp to the United States with orders that dates back to the stable after the president of the United States, Donald Trump, stopped a planned reciprocal rate of 26 percent, reducing the duty to 10 percent, Saintys Sainty said.
“Now there is a lot of relief, since we are on par with other exhibitors to the United States. Now the shipments that were heroes will be processed,” shipments of the Association of Seafood Exporters of India, Kn Raghavan, told PTI.
Around 2,000 shrimp containers that had been delayed in their legs are now prepared for export after Trump’s April 9 decision to simulate the highest rate just one week after announcing them on April 2, he said.
Temporary relief maintains a general rate of 10 percent over all countries, except China, which faces a duty of 145 percent.
Currently, Indian shrimp exports to the United States face an effective customs duty or 17.7 percent, including 5.7 percent in compensatory and 1.8 percent tasks in anti -dumping duty.
Industry sources explained that Indian exporters generally have rate costs under tax packages paid, which means that previously contracted shipments would have faced significant additional expenses under the highest rate.
“The 90 -day break offers exporters the opportunity to meet these orders at no additional cost,” said a representative of the industry.
The association did not report that it was not reduced in the orders of the United States, which remains the largest shrimp market in India, both in volume and value. India exported shrimp worth $ 2.7 billion to the US. In fiscal year 2023-24.
Raghavan urged the Government to concentrate on ensuring a “level game field” for seafood exports of the country duration of the next commercial conversations before the pause of the rate expires.
Posted on April 14, 2025