MPEDA Launches Fresh Chilled Fish Exports to the UK Under India-UK CETA Agreement
The India–UK Comprehensive Economic and Trade Agreement (CETA) has recently come into effect, marking a significant landmark for India’s seafood industry. As part of this agreement, the Marine Products Export Development Authority (MPEDA) is set to initiate exports of chilled fish, with a notable consignment of approximately 2,000 kg dispatched from Thiruvananthapuram International Airport. In the fiscal year 2025–26, India managed to export 18,898 tonnes of seafood to the UK, valued at about US$128.20 million, indicating the critical role the UK market plays for Indian exporters.
This development substantially benefits common citizens by creating a more competitive pricing structure for seafood products, as exporters will enjoy duty-free access for 99 percent of tariff lines. With lower tariffs ranging from 4.2 to 21.5 percent eliminated under the CETA, products such as Vannamei shrimp and frozen squid are expected to see heightened demand, potentially leading to lower prices in domestic markets. It also indicates a positive trajectory for local returns, which can translate into better income opportunities for those in related sectors, thus enhancing the economic vitality of coastal communities reliant on fishing and seafood processing.
Looking ahead, the long-term outlook appears promising, with the government and MPEDA likely to focus on strengthening relationships with UK importers and exploring further value-added marine products. Investments in skill development and infrastructure are expected to bolster export competitiveness, ensuring that the benefits of this trade agreement trickle down to local economies. To fully capitalize on the opportunities presented by the CETA, continued monitoring of international market dynamics and a proactive approach in enhancing production capabilities and maintaining quality standards will be essential steps for sustained growth in the seafood sector.
Source: The Hindu
(Expert Note: This report was independently prepared by the Wealthova Economy team.)