Coastal Corporation Limited updates on 26% tariff imposed by USA

The United States of America has recently imposed a 26% tariff on specific imported products from India, including shrimp. This development marks a shift in trade policy that will influence the broader seafood export landscape, especially for Indian exporters to the U.S.

It is important to note that while Indian exporters now face a 26% tariff, major competing countries like Vietnam and China already operate under even steeper tariff barriers for value-added products in the U.S. market. As a result, this shift levels the playing field and presents a strategic opportunity for Indian exporters to expand their presence particularly in the value-added segment.

India's cost competitiveness and production capabilities position us well to meet this demand and capture additional market share.

Encouragingly, our ongoing discussions with U.S. buyers suggest that the majority are willing to absorb the increased cost, ensuring continued demand and minimizing potential disruption in the near term. This reflects the strong relationships we have built over time and the trust in the consistent quality of Indian seafood products.

In parallel, we are proactively working to diversify our export markets. Our current focus includes Japan and South Korea-markets with strong growth potential and increasing demand for high-quality seafood. We are also exploring opportunities in China, Russia, and Canada to further broaden our global footprint and reduce reliance on any single geography.

We remain confident in the long-term strength of the global seafood trade and are committed to navigating these developments in a manner that creates value for all stakeholders. This disclosure is being made in the interest of transparency and in line with applicable regulatory requirements.

Source : Equity Bulls

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CoastalCorporation Update USTariff