New era begins for Scottish salmon exports to India
Scottish salmon’s passage to India became easier today due to the scrapping of a 33% import tariff as part of a free trade agreement with the United Kingdom.
The start of the tariff-free era today is a major milestone in economic growth potential for the Scottish salmon sector. India is the world’s most populous country, with almost 1.48 billion people, and one of the world’s fastest growing economies.
It is the world’s third-largest fishmarket, with domestic consumption reaching nearly 12 million tonnes in 2021 – up 120% since 2005. That’s a far greater percentage increase than the rise in population, which increased by 26 million (22.6%) during the same period.
Huge potential
Trade body Salmon Scotland said the free trade agreement paves the way for exports worth tens of millions of pounds every year, creating investment and well-paid jobs in Scotland. Potential export growth over the next 10 years could reach a value of £131 million.
Salmon Scotland chief executive Tavish Scott said: “India has huge potential as a growing market for our premium, sustainable product, and this agreement could unlock tens of millions of pounds in exports each year.
“By reducing tariffs and removing trade barriers, the deal can help more consumers in India enjoy Scottish salmon, while supporting well-paid jobs, investment, and growth in Scotland’s coastal communities.”
Ahead of rivals
The European Free Trade Association (EFTA), which includes Norway and Iceland, and Chile, both have trade agreements with India but this does not yet give salmon producers in those countries tariff-free access.
In 2024, EFTA’s agreement included a reduction in India’s tariffs on salmon from 33% to zero over five years, while Chile’s 2023 deal reduced India’s tariffs on its salmon to 15% from 30%.
Adam Wing, head of trade marketing – UK, Middle East & Asia at Seafood Scotland, said: “The UK-India trade deal coming into force this week presents a significant opportunity for Scottish seafood, particularly Scottish salmon.
"With tariffs reducing to zero from Wednesday, Scottish salmon will have a competitive advantage over other major salmon-producing nations. We will be working closely with Scottish Development International, the Department for Business & Trade and industry partners to help Scottish businesses identify opportunities in the market and maximise new export opportunities.”
