A Case Study of Shrimp Exports in India
A CASE STUDY OF SHRIMP EXPORTS FROM INDIA
ABSTRACT
This case traces the growth and stagnation of the Indian shrimp exports. This case also talks about the various internal and external problems faced by the Indian shrimp industry in the last five years. The case throws light on the competitive scenario of the Asian shrimp exporting countries. The key focus of the case is on International Trade Environment and how a country can face a competition as well as other hurdles on other fronts.
Keywords: Shrimp, Exports, India, International Trade, Competition.
A CASE STUDY OF SHRIMP EXPORTS FROM INDIA
“On the heels of December 2004 tsunami, according to the most recently compiled statistics, U.S. shrimps imports from India dropped 57% in January and February compared to 2004.[1]” - Report in the U.S. based Consuming Industries Trade Action Coalition (CITAC) Shrimp Task Force.
“There has been a 30 per cent fall in shrimp catch from sea and almost 60 per cent fall in the second aquaculture crop.[2]” - Mr. Abraham Tharakan President, Seafood Exporters Association of India (SEAI)
“India should also look at moving away from export of raw material, black frozen shrimp and look at value added products.[3]” - Mr. S. Santhanakrishnan President, Society of Aquaculture Professionals, India
It is August 2006 and the Indian shrimp exporters are still waiting for a favourable verdict regarding the anti dumping duty imposed by U.S. which is around 10 %. The U.S. market used to account for 65 % of the total shrimp exports of India. The anti dumping duties have not only led to decrease of exports volume but a fall in the number of major exporters as well. In the last two years the number of major shrimp exporters to U.S. has fallen from over 30 to less than 15. Japan, which used to be the other hotspot for the Indian shrimp
ABSTRACT
This case traces the growth and stagnation of the Indian shrimp exports. This case also talks about the various internal and external problems faced by the Indian shrimp industry in the last five years. The case throws light on the competitive scenario of the Asian shrimp exporting countries. The key focus of the case is on International Trade Environment and how a country can face a competition as well as other hurdles on other fronts.
Keywords: Shrimp, Exports, India, International Trade, Competition.
A CASE STUDY OF SHRIMP EXPORTS FROM INDIA
“On the heels of December 2004 tsunami, according to the most recently compiled statistics, U.S. shrimps imports from India dropped 57% in January and February compared to 2004.[1]” - Report in the U.S. based Consuming Industries Trade Action Coalition (CITAC) Shrimp Task Force.
“There has been a 30 per cent fall in shrimp catch from sea and almost 60 per cent fall in the second aquaculture crop.[2]” - Mr. Abraham Tharakan President, Seafood Exporters Association of India (SEAI)
“India should also look at moving away from export of raw material, black frozen shrimp and look at value added products.[3]” - Mr. S. Santhanakrishnan President, Society of Aquaculture Professionals, India
It is August 2006 and the Indian shrimp exporters are still waiting for a favourable verdict regarding the anti dumping duty imposed by U.S. which is around 10 %. The U.S. market used to account for 65 % of the total shrimp exports of India. The anti dumping duties have not only led to decrease of exports volume but a fall in the number of major exporters as well. In the last two years the number of major shrimp exporters to U.S. has fallen from over 30 to less than 15. Japan, which used to be the other hotspot for the Indian shrimp