Tue Nov 18 17:19:29 UTC 2025: Here’s a summary of the text followed by a news article rewrite:

Summary:

Commerce and Industry Minister Piyush Goyal announced that Russia is expected to approve around 25 Indian fishery units for export to Russia. This follows the EU’s approval of 102 additional Indian marine product units. India is also actively seeking to diversify its shrimp and fish exports to countries like the UAE, especially in light of a 50% tariff imposed by the U.S. on Indian shrimp exports. India’s shrimp exports totaled $4.88 billion in 2024-25, representing a significant portion of its seafood exports. Goyal also expressed confidence in reaching a free trade agreement with the EU in the coming months, pending resolution of ongoing negotiations.

News Article:

Russia Poised to Approve 25 Indian Fishery Units for Export, India Seeks Trade Diversification

New Delhi – November 18, 2025 – Commerce and Industry Minister Piyush Goyal announced today that Russia is on track to approve approximately 25 Indian fishery units, making them eligible to export seafood products to the country. This development follows the recent approval of 102 additional Indian marine product units by the European Union (EU) for exports.

“This is a significant step in expanding our trade relationships and diversifying our export markets,” said Minister Goyal, speaking to reporters in New Delhi. He also highlighted India’s ongoing efforts to explore new export opportunities for shrimp and fish with countries like the UAE.

The move comes as India looks to mitigate the impact of a substantial 50% tariff imposed by the United States on Indian shrimp exports. Shrimp exports accounted for $4.88 billion, or 66% of India’s total seafood exports in the 2024-25 fiscal year.

Addressing the progress of free trade agreement (FTA) negotiations between India and the EU, Goyal stated, “I am very confident that in the coming months, we should be able to reach an understanding with the EU, provided we resolve the remaining issues currently under negotiation.”

Read More