US Increases Export of Frozen Shrimp to India Amid Rising Demand
The United States has seen a significant rise in the export of frozen shrimp (HS Code: 0306) to India, driven by growing demand in the Indian market for premium seafood products. Trade data indicates a 15% increase in shipments over the past year.
October 10, 2023
Impact: This surge strengthens US-India trade ties in the seafood sector, potentially leading to higher revenues for US exporters and more competitive pricing for Indian consumers.
India Imposes Stricter Quality Checks on Imported Crustaceans from the US
Indian authorities have introduced stricter quality control measures for crustaceans imported from the US, focusing on live, fresh, and chilled products (HS Code: 0306). This follows concerns over compliance with food safety standards.
September 5, 2023
Impact: These measures could temporarily slow down imports from the US, increase costs for exporters due to additional testing, and potentially strain trade relations if unresolved.
US-India Trade Talks Highlight Crustacean Market Access
During recent bilateral trade discussions, both countries addressed market access issues for crustaceans, particularly frozen and processed shrimp (HS Code: 0306). The US seeks reduced tariffs, while India emphasizes sustainable sourcing.
August 20, 2023
Impact: Successful negotiations could lead to lower tariffs and increased trade volume, benefiting US exporters and providing Indian consumers with more affordable seafood options.
