Lob­ster wars

Business Spotlight - - NEW ZEALAND -

The Com­pre­hen­sive Eco­nomic and Trade Agree­ment — bet­ter known as CETA — has elim­i­nated up to 98 per cent of trade tar­iffs be­tween Canada and the EU since its sign­ing in Oc­to­ber of 2016. Among the big win­ners of the deal are lob­ster fish­er­men and fish fac­to­ries in At­lantic Canada, much to the dis­may of their tra­di­tional ri­vals, the US lob­ster in­dus­try in Maine.

“This trade agree­ment does give Canada a huge leg up in the Euro­pean mar­ket­place,” says An­nie Tse­likis, ex­ec­u­tive direc­tor of the Maine Lob­ster Deal­ers’ As­so­ci­a­tion. Tse­likis told The New York Times that Amer­i­can com­pa­nies are now in­vest­ing in Cana­dian fish fac­to­ries in or­der to qual­ify for the EU trade deal. “If the ar­gu­ment is you’re not go­ing to de­velop this trade pol­icy be­cause you are out­sourc­ing jobs — well, here we are, po­ten­tially out­sourc­ing jobs, due to an ab­sence of trade pol­icy.”

Cana­dian Robert Macdon­ald is pres­i­dent of Gid­ney Fish­eries, which pro­cesses up to 15,000 lob­sters a day, ex­port­ing both live and frozen lob­ster. “For us, free trade is a good thing,” Macdon­ald com­ments. The Nova Sco­tian com­pany has in­vested in new tech­nol­ogy and plans to in­crease its cur­rent staff of 85 by about 50 per cent. “A decade or two ago, there would be very few play­ers who would have been ship­ping in­ter­na­tion­ally,” he says. “We now ship live lob­sters all over the world.”

Del­i­cacy: Cana­dian lob­ster is shipped world­wide

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