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Norway Looks to Double Seafood Exports to India

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INDIA - Norway is looking to double its seafood exports to India over the next few years and so is urging the Indian government to improve the country's marine regulatory framework.

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"India has a large potential when it comes to expanding its fishing fleet and improving its marine regulatory framework," said Norway's Minister of External Affairs Borge Brende.

"Norway is the second largest seafood exporting country, whereas India is the second largest aquaculture producer in the world."

"We would be happy if we are able to double the export of seafood to India over next few years. Hence, we have asked that the import duty of 30 per cent on seafood should be completely removed by the government here," said Terje E Martinussen, managing director of Norge.

Norway exported 275 tonne of salmon worth $4 million to India in 2014 but would like to double this over the next few years, reports the EconomicTimes.