Archive · 25 Jul 2025
India-UK Trade Deal to Boost Marine Product Exports
India and the UK have made a trade deal.
This means India can sell things like shrimp and fish to the UK without paying extra taxes.
Because of this, India expects to sell 70% more of these products to the UK.
Right now, India doesn't sell much to the UK in this area.
This new deal helps India compete with other countries and could make the fishing industry in certain states of India grow by making it easier to sell their goods.
India and the UK signed a trade agreement on Thursday, providing duty-free access for Indian marine products.
Indian marine product exports to the UK are expected to rise by 70% in the coming years.
The UK previously imposed duties between 4.2% and 8.5% on marine products like shrimp and fishmeal.
India's current share of the UK's $5.4 billion marine products market is 2.25%.
The agreement may boost India's fisheries sector, particularly in certain states, by providing easier access.
- Who
- India and the United Kingdom.
- What
- India and the UK signed a trade agreement that grants duty-free access for Indian marine products.
- When
- The trade agreement was signed on Thursday.
- Where
- The trade agreement impacts trade between India and the United Kingdom.
- Why
- To boost Indian marine product exports by eliminating existing duties.
- Trade Agreement
- India-UK
- Expected Export Increase
- 70%
- Previous UK Duties
- 4.2% - 8.5%
- India's UK Market Share
- 2.25%
- Key Products
- Shrimp, Tuna, Fishmeal
- Indian Marine Exports (2024-25)
- $7.38 billion
- Main Export Market
- USA