Spelling some relief for Indian seafood exporters hit by US tariffs, the EU has approved 102 additional Indian fishery establishments for export to the bloc, which is likely to immediately increase exports of the item to the bloc by 20 per cent, according to the government.
Simultaneously, there is positive movement in the India-EU free trade agreement (FTA) negotiations taking place in New Delhi this week with things progressing fast, Commerce & Industry Minister Piyush Goyal said.
“This (the decision on listing 102 new fishery units) follows a series of meetings in the EU and New Delhi, in which the Union Minister of Commerce and Industry and senior officials participated… Reflects India’s commitment to food safety, traceability and compliance with EU regulations and strengthens its position as a trusted supplier of high-quality seafood,” per a government statement.
