Canada will Ship Lobsters and Scallops to Europe Duty-Free as Early as May 1st
SEAFOODNEWS.COM by John Sackton April 3, 2017
The Canadian Free trade agreement with the EU, called CETA, has been in the works for years, but its first real fisheries effects are about to be felt on both sides of the border.
As early as May 1st the treaty will come into force. The final step is the final ratification by the Canadian parliment which is likely to occur this month or next month at the latest.
Most observers think May 1st is the most likely date.
As is usual in most trade agreements, many of the tariff reductions are implemented over time. For example, there is a 6% European tariff on frozen lobster from Canada. During the first year of CEYA, this will decline to 4.5%.
But some items will have duty removed immediately. Among them are live lobster, monkfish, and frozen scallops....
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