Vietnam's loss is India's gain as US regulates illegal shrimp imports

SIMP requirements are expected to create temporary headwinds for the export of Indian shrimp harvested from unregistered farms, rating agency ICRA said

The US’s move to introduce measures to prevent illegal, unreported and unregulated (IUU) fishing and misrepresented seafood from entering the country is likely to help Indian shrimp exports because new regulations will hurt exports from Vietnam, India's main competitor.

The key market for global seafood producers, the US, has introduced the Seafood Import Monitoring Programme (SIMP), covering 13 species, including shrimp. 

SIMP becomes applicable for shrimp on December 31 this year. The programme mandates additional data requirements to trace the supply chain of seafood from the point of harvest to the point of entry into the US.  

For the period ended March 2018,