Andhra Pradesh Faces Heavy Losses from US Tariffs on Shrimp Exports

Andhra Pradesh Chief Minister N. Chandrababu Naidu has sounded the alarm over the devastating impact of US tariffs on the state's shrimp export industry. The state, which accounts for 80 percent of India's shrimp exports, faces severe livelihood risks due to the steep duties, with up to 50 percent of export orders cancelled. The effective tariff of 58.56 percent is significantly affecting the state's economy, with an estimated loss of 25,000 crores.

Key Takeaways:

• Andhra Pradesh is losing nearly 25,000 crores due to US tariffs on shrimp exports, with up to 50 percent of export orders cancelled.
• The state accounts for 80 percent of India's shrimp exports and 34 percent of overall marine exports, valued at 21,246 crores annually.
• The sector directly sustains 2.5 lakh families, while another 30 lakh people are employed in related industries.
• Chief Minister Naidu has urged the Centre to step in with structural support, including boosting domestic consumption of aquaculture products, easing GST compliance, and offering financial aid.
• He has proposed setting up a 100 crore corpus fund, developing cold storages and hygienic seafood markets, and improving transport facilities.
• Naidu has requested a one-time top-up loan of 1 lakh under Kisan Credit Cards for the fishing community and regional offices of ICAR-CIBA and ICAR-NBFGR in Andhra Pradesh.

Statistics:

• Estimated loss to Andhra Pradesh due to US tariffs on shrimp exports: 25,000 crores
• Effective tariff on seafood exports: 58.56 percent
• Value of Andhra Pradesh's marine exports annually: 21,246 crores
• Number of families directly sustained by the shrimp industry: 2.5 lakhs
• Number of people employed in related industries: 30 lakh
• Per capita seafood consumption in India: 12-13 kg annually
• Global average seafood consumption: 20-30 kg annually

Sources:

• Contify.com
• Press Release from Andhra Pradesh Chief Minister's Office.