A Canada-European free trade agreement may be controversial in some quarters, but it bodes well for the province’s seafood exports, says the chief executive officer for Clearwater Seafoods Inc.
The potential elimination of high tariffs on Canadian seafood imports as a result of a trade agreement with the European Union “would give East Coast fisheries a level playing field,” Ian Smith said in an interview Monday.
“The main ones to benefit would be shrimp, lobster and scallop.”
The EU currently slaps import tariffs of 20 per cent on processed lobster (16 per cent for live lobster), 20 per cent on cooked and peeled shrimp (12 per cent if it’s frozen at sea) and about six per cent on scallops.
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