In a move that would help boost India's seafood exports to the European Union by 20%, the bloc has approved 102 additional marine product units from India. The approvals make them eligible to be supplied to the EU, the country's second-largest seafood export destination after the US, an official said on Tuesday.With this, a total of 604 Indian marine product units have been listed by the EU.The development comes at a time when India is diversifying its shrimp exports, which have been hit hard by a steep 50% tariffs imposed by the US."This will help boost India's seafood exports to the EU. It is expected to help increase our seafood exports by about 20%," the official said, adding that the listing of these units was a long-pending demand of India.India's shrimp exports in 2024-25 totalled $4.88 billion, accounting for 66% of the total seafood exports.Read more at:https://economictimes.indiatimes.com//news/economy/foreign-trade/eu-oks-102-more-marine-product-units-from-india/articleshow/123792984.cms (ICE MUMBAI)

Fonte notizia: The Economic Times