Hit hard by the 50% additional US tariff , Indian seafood exporters are exploring alternative markets such as the European Union (EU), south east and middle east regions to offset some of their losses, an official said.

“Currently we are sitting on huge inventory, and we are slowly trying to get rid of it. We are trying to find alternative markets including the EU, China , Thailand, Vietnam and Indonesia for boosting exports,” Alex K Ninan, vice president, Seafood Exporters Association of India (SEAI), told FE.

Ninan said that exporters are exploring Egypt as a new destination of seafood exports and discussions are on to solve tax related issues.

US tariffs create 60% duty disadvantage for shrimp

Industry officials said the seafood exports have been ‘hit hard’ as effective dutie

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