After the end of GSP, shrimp exporters apprehend new duty by America

In 2018, India met 35% of shrimp imports by the US, which is the largest market for Indian exporters

With United States of America announcing the end of preferential trade treatment status to India, currently being extended under its Generalised System of Preferences (GSP) programme, exporters of shrimp are apprehensive that America may levy a new duty which will have a cascading effect on exports of this perishable item.

The US imported 695,723 tonnes of shrimp in 2018 and India accounted for about 35 per cent share of that. It is the largest market for Indian exporters. India seafood exports sector is valued at $7 billion.

"India is unable to export shrimps to China because of high duties imposed by the