Seafood sector seeks to speed up free trade pact

Visakhapatnam: The seafood exporters in Andhra Pradesh and parts of surrounding states are looking to speed up the Free Trade Agreement (FTA) with key export destinations for relief from customs duty and to boost seafood exports. With the setbacks in US, the biggest market for seafood exports, seafood exporters said that there is urgent need to consider altering the strategy to attain the ambitious export target of $14 billion by 2025. We are appealing to the Union government and officials Read Full Details…

Seafood exports to surge to $14 bn by 2025: Govt

India is aiming to double its seafood exports to $14 billion by 2025 from the FY22 level, Union minister of state for commerce and industry Anupriya Patel said in Kolkata. The country exported 1.36 million tonne (MT) of seafoods during 2021-22, earning an all-time record of $7.76 billion. “In two years from now, we plan to achieve a target of $14 billion,” she said after inaugurating the 23rd edition of India International Seafood Show (IISS). Noting that India is already Read Full Details…