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Our Bureau

Kochi, June 29 Though the devaluation of the exchange rate was favourable in the early years of India’s liberalisation, the output growth in fisheries sector has sharply decelerated after the formation of the World Trade Organisation (WTO), according to Dr Ramesh Chand, Professor, National Centre for Agricultural Economics and Policy Research (NCAP), New Delhi.

Delivering the keynote address at the one-day national seminar on ‘WTO and its impact on seafood trade’, jointly organised by the Society for Fisheries Technologists and the Central Institute of Fisheries Technology (CIFT), he said the reason for such a slow down was mainly due to the increased competition among several of the developing countries.

Quoting from statistics, he pointed out that export of fish and fish products averaged with other agricultural products and did not fare any better.

While fisheries exports had grown by 12.1 per cent before the advent of WTO (1985-86 to 1995-96 period), it declined to 3.9 per cent during the subsequent, 1995-96 to 2005-06 period.

India also lost some markets in the high price segments in the latter period, a press release issued here said.

More Stories on : Aquaculture | WTO | Kerala

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