Big Wins for Indian Fisheries: UK Trade Deal + Maldives MoU Set to Boost Exports & Blue Economy Growth

by fishery
tade deaL

India’s fisheries and aquaculture sector is seeing a strategic leap forward through two major developments:
India–UK Free Trade Agreement
MoU with the Maldives on Fisheries Cooperation

What’s New?
Duty-Free Access to UK under the CETA deal is expected to boost Indian seafood exports—especially shrimp—by up to 70% over the next few years.
MoU with Maldives focuses on:
Sustainable tuna fishing
Deep-sea fisheries development
Aquaculture & processing infrastructure
Joint R&D & knowledge exchange
Fisheries eco-tourism

Why This Matters:
India exported seafood worth ₹60,523 crore in 2024–25
UK imported just ₹879 crore—huge headroom for growth
Exporters gain new access to high-value markets
Industry can strengthen traceability, standards & competitiveness
Opens doors to deep-sea fishing and Blue Economy partnerships

These agreements are more than trade—they’re catalysts for transforming India’s position in the global seafood and aquaculture value chain.

Let’s gear up for the next phase of innovation, sustainability, and export excellence.

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