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Lobster Trade May Profit from Canada-EU Trade Deal, says Shea
CBC News Aug 26, 2014
Federal Fisheries Minister Gail Shea says industry must promote itself to new markets
The struggling lobster industry could be helped by the Comprehensive Economic and Trade Agreement between Canada and Europe, says Federal Fisheries Minister Gail Shea.
She says CETA may open up many new markets for P.E.I. companies.
The European Union is the largest trading block in the world with 500 million consumers. It's also the world's largest fish and seafood market. Under CETA, trade tariffs as high as 20 per cent on seafood will disappear, making Canadian products more competitive.
As the supply of lobster grows, industry and government have to ensure that market demand is there, said Shea.
Read Full Article on CBC News »