US policymakers seek curb on 'heavily subsidised' shrimp imports from India

It may be noted that US is the largest market for Indian shrimp exporters accounting for more than 30 per cent of exports. Seafood exports from India is valued at USD seven billion

After withdrawing trade concessions granted to India under the Generalised System of Preferences (GSP), policymakers in United States are insisting United States Trade Representative (USTR)  to initiate measures to curb imports of Indian shrimps which they called are heavily subsidized by the Government of India.

At a hearing before the Senate Finance Committee on Tuesday, senator Bill Cassidy emphasized  on the harm caused by a flood of Indian shrimp imports to Louisiana shrimpers in his questions to the USTR ambassador Robert Lighthizer. 

It may be noted that US is the largest market for Indian shrimp exporters accounting for more than