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India Eyes Seafood Export Revival As EU, Russia, Australia Open Doors Amid US Tariff Shock
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Australia, which had restricted imports due to white spot virus concerns, has now permitted unpeeled shrimp from Andhra Pradesh for the first time in 8 years
The EU remains a premium market for shrimp and fish, and renewed access is expected to raise earnings for farmers and exporters. (AP Photo)
Indian seafood exporters, particularly those in Andhra Pradesh, are set for a significant boost as the government resolves longstanding trade issues with major international markets, offering relief after a sharp US tariff hit earlier this year.
In August 2025, the United States imposed nearly a 50% tariff on Indian seafood, including shrimp, effectively curbing exports from states like Andhra Pradesh, which account for nearly 80% of India’s total shrimp shipments. The tariffs, which touched as high as 59.72%, were partially in response to India’s continued imports of Russian crude oil, and posed a serious threat to the livelihoods of farmers and exporters alike.
Union Commerce and Industry Minister Piyush Goyal said that the government has proactively addressed these challenges by reopening access to alternative markets. Speaking to the Economic Times on the sidelines of the CII Partnership Summit in Visakhapatnam, Goyal noted that India had “ironed out problems with the European Union”, which had imposed a 9-year ban on Indian seafood over quality control concerns.
“Now, 102 fisheries have received approval to export to the EU,” he said, highlighting growing confidence in India’s food safety and quality assurance systems. The EU remains a premium market for shrimp and fish, and renewed access is expected to raise earnings for farmers and exporters.
Russia: Strategic Expansion
Russia has emerged as a key alternative market. Goyal stated that final approvals are underway for 25 Indian fisheries, with further approvals expected. Expanding trade with Russia not only offsets losses from the US market but also strengthens geopolitical and energy ties, reinforcing India’s diversified trade strategy.
Australia Reopens After 8 Years
Australia, which had restricted imports due to white spot virus concerns, has now permitted unpeeled shrimp from Andhra Pradesh for the first time in eight years. This move is expected to enhance India’s brand image in premium seafood markets and open avenues for processed seafood exports.
Economic Implications
With these new openings, India’s $7.4 billion seafood sector could see a 20-30% increase in exports. The government aims to raise overall exports to $12-14 billion by FY26, boosting foreign exchange earnings and reinforcing the sector’s contribution to GDP. For Andhra Pradesh, where the bulk of shrimp production is concentrated, the diversification of export markets is expected to stabilise prices and protect millions of jobs.
Geopolitical Resilience
The recent developments underline India’s ability to navigate international pressure. Faced with punitive US tariffs, the country has successfully leveraged alternate markets, strengthening trade ties with Russia, re-establishing access to Australia, and resolving longstanding EU barriers. These steps not only safeguard the domestic seafood sector but also highlight India’s strategic approach to global trade amid shifting geopolitical dynamics.
November 17, 2025, 17:25 IST
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Reselling tickets for live events for profit is set to be banned by the Government.
Ministers are expected to announce the plan to tackle touts and resale sites which offer tickets at several times’ their face value.
The Labour manifesto promised stronger protections to stop consumers being scammed or priced out of events by touts, who frequently use bots to buy tickets in bulk the moment they go on sale, which they can then sell on for huge mark-ups on secondary ticketing websites.
A consultation on the changes had canvassed views on capping costs at up to 30% above the face value of a ticket.
But reports in the Guardian and Financial Times revealed ministers were expected to set the limit at the face value, although fees could still be charged on top of that price.
The Government declined to comment on the reports.
The move, which could be announced on Wednesday, follows a campaign by some of the biggest names in music to cut costs for fans.
Coldplay, Dua Lipa and Radiohead were last week among artists urging the Government to honour the pledge to cap resale prices.
The Cure’s Robert Smith, New Order, Mark Knopfler, Iron Maiden, PJ Harvey and Mercury Prize-winner Sam Fender joined them in signing a statement calling for a cap to “restore faith in the ticketing system” and “help democratise public access to the arts”.
Other signatories included the watchdog Which?, FanFair Alliance, O2, the Football Supporters’ Association and organisations representing the music and theatre industries, venues, managers and ticket retailers.
Rocio Concha, director of policy and advocacy at Which?, said: “This is great news for music and sports fans.
“A price cap set at the ticket’s original face value plus fees will rein in professional touts and put tickets back in the hands of real fans.
“For far too long, music and sports fans who missed out on tickets in the initial sales have been ripped off by touts on secondary ticketing sites and forced to pay over the odds to see their favourite artist perform or watch their team play.
“The Government must listen to our coalition of performers, fans, consumer groups and the UK music industry and show that the price cap is a priority by including the necessary legislation in the King’s Speech.”
Ticketmaster’s parent company Live Nation Entertainment backed the move.
In a statement the firm said: “Live Nation fully supports the UK Government’s plan to ban ticket resale above face value.
“Ticketmaster already limits all resale in the UK to face value prices and this is another major step forward for fans, cracking down on exploitative touting to help keep live events accessible. We encourage others around the world to adopt similar fan-first policies.”
But resale firm StubHub warned the move could fuel the black market in tickets.
A spokesman for StubHub International said: “The Government’s intention to implement a price cap on the resale of live event tickets will condemn fans to take risks to see their favourite live events.
“With a price cap on regulated marketplaces, ticket transactions will move to black markets.
“When a regulated market becomes a black market, only bad things happen for consumers. Fraud, fear and zero recourse.”
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S.
Andrew Harrer | Bloomberg | Getty Images
Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies.
Sinclair, which acquired a roughly 8% position in Scripps per the filing, recently launched a strategic review of its own business that could result in a tie-up. Scripps, for its part, has seen its struggles mount in the competitive industry and is among the smallest of its peers.
In the filing, Sinclair said it has been engaged in “constructive” discussions regarding a deal and believes that, if it were to reach an agreement, a transaction could be completed within nine to 12 months.
Sinclair said in the filing that based on trading multiples, there would be an expected $300 million in synergies if a merger were to take place.
Scripps’ stock rose more than 40% on Monday while Sinclair’s stock was up 7%.
Sinclair, which acquired the stake for about $15.6 million, declined to comment beyond the SEC filing.
In a statement on Monday, Scripps said its board “will take all steps appropriate to protect the company and the company’s shareholders from the opportunistic actions of Sinclair or anyone else.”
“Scripps’ board of directors and management are focused on driving value for all of the company’s shareholders through the continued execution of its strategic plan,” the company said in its statement. “The board and management are aligned on doing only what is in the best interest of all of the company’s shareholders as well as its employees and the many communities and audiences it serves across the United States.”
The statement added that the board continues to evaluate “any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders.”
Broadcast TV station group owners have suffered like the rest of media companies in recent years due to the shift away from the traditional pay-TV bundles and toward streaming. These broadcast stations, for the most part, make the majority of their money from so-called retransmission fees, which are paid on a per-subscriber rate by traditional TV distributors.
Broadcast station owners like Sinclair have been eager to do mergers as they push for deregulation under the Trump administration.
In August, Nexstar Media Group, the biggest owner of these stations, agreed to acquire Tegna for $3.54 billion.
Sinclair, meanwhile, is also considering spinning off or splitting its ventures unit, which includes pay-TV network The Tennis Channel and marketing technology business Compulse, which was recently rebranded to Digital Remedy.
Sinclair and its advisors held discussions with potential merger partners earlier this year, CNBC previously reported.
Second-hand clothing platform Vinted is under investigation in France after some user accounts were found to be directing visitors to pornographic content.
France’s Children’s Rights Commissioner Sarah El-Haïry said she had asked watchdog Arcom to examine the allegations first reported in French media.
Vinted, which has 23 million users in France, has no age-verification procedure – meaning children and teenagers could have been exposed to pornographic material without having to show proof they were over 18.
In a statement, the Lithuania-based company said it had a “zero-tolerance policy regarding unsolicited communications of a sexual nature or the promotion of sexual services”.
“All inappropriate and illegal content is removed, and where necessary we take measures against users, including blocking them definitively from our site,” it was cited as saying by the AFP news agency.
Vinted is taking the situation “very seriously”, it added.
Reports first surfaced after some sellers showing photographs of swimwear or lingerie were found to be luring viewers to their personal pages on adult platforms such as OnlyFans.
“Predators have been using the sale of ordinary items of clothing to direct people to porn sites,” El-Haïry said.
France has recently issued warnings to other global e-commerce platforms, including Shein – headquartered in Singapore – after products including childlike sex dolls appeared in their marketing listings.
French officials say the case against Shein forms part of a wider investigation into other major e-commerce platforms accused of allowing illicit products to be sold online.
Paris prosecutors are examining whether Shein, AliExpress, Temu and Wish breached laws relating to violent, pornographic or “undignified” content accessible to minors.
Shein and AliExpress are also being investigated specifically over the alleged dissemination of child-related pornographic material. The cases have been referred to the Paris Office des Mineurs, which handles offences involving the protection of children.
Shein has already banned the sale of all sex dolls on its platform worldwide and says it is permanently blocking seller accounts linked to the items.
The French consumer watchdog, the Directorate General for Competition, Consumer Affairs and Fraud Control, said descriptions of the dolls left “little doubt as to their child-pornography nature”.
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