US rolling back sops won't hurt Indian shrimp exports: MPEDA

India exports seafood worth $2,300 mn to American market with flagship item being frozen shrimp, which is exempted from tariff and is not covered under GSP regime

Marine Products Export Development Authority (MPEDA) has allayed fears about the impact of the United States lifting concessions to India under the Generalized System of Preferences (GSP) on shrimp exports.

MPEDA feels the withdrawal of concessions by the US, a leading market for Indian seafood exporters, will not roil them as most of the marine food products, including high-in-demand shrimps, enjoy ‘zero tariff’ under the current GSP regime.

“There is a widespread apprehension that the US decision will affect the seafood exports from India to America, which is a major importer of our marine products. But such apprehension is unfounded,” K S