Relief for seafood and rice exporters

INDIA'S SEAFOOD EXPORTERS have got a relief after a 90-days pause on US's reciprocal tariff of 26% with lowering of the duty to 10%.

- SANDIP DAS

This has put India's seafood exports at par with its competitors, including Ecuador, in the US market.

Exporters said the reciprocal tariff of 26% for items from India would have hit the seafood exports to US just at the beginning of the season, as the farmers started preparation for the cultivation of shrimp, which constitute the biggest chunk of shipment.

"There is a lot of relief now as we are at par with other exporters to the US," KN Raghavan, secretary general, seafood exporters association of India, told FE.