New US norms on seafood imports may cool demand for Indian shrimps: Icra

The US is a major market for India's seafood exports and is valued at $7 billion

New regulations in the United States (US) for shrimp imports, the Seafood Import Monitoring Program (SIMP), enforced on Monday, might curtail demand for Indian shrimps in the country.
 
The revised norms mandate stringent data requirements to trace the entire supply chain of seafood from the point of harvest to the point of entry into the US. It establishes reporting and record-keeping requirements for imports of certain seafood products, to combat illegal, unreported, and unregulated seafood from entering the US.
 
“The SIMP requirements for the shrimp supply chain are expected to create temporary headwinds for export of Indian shrimps,