Market Snapshot: Fish and Seafood in the EU

Market Snapshot: Fish and Seafood in the EU


[Electronic, beat-driven music starts.] Narrator: For Canadian seafood exporters now is the time to start building your business in the European Union. Once the Comprehensive Economic and Trade Agreement, or CETA, enters into force… …over 95% of our fish and seafood products will be tariff free when they enter the EU. This offers big opportunities for our seafood companies. When CETA is fully implemented, approximately seven years later… …100% of our fish and seafood will be tariff free. [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] [Electronic, beat-driven music continues.] The total fish and seafood market in the EU is about 50.4 billion Canadian dollars. Of that total market, the EU imports about 60% of its fish and seafood. Of that 60%, Canada currently supplies only 2%. Clearly there’s room for growth. With CETA, Canada will have preferential access to the European market. It will also open the door to more value-added fish and seafood products… …as tariffs on these products are reduced. Are you ready to export? There’s more to know about the EU fish and seafood market. Visit our website and contact your agri-food trade commissioners in Europe for market information and resources. [Electronic, beat-driven music fades out.]

Leave a Reply

Your email address will not be published. Required fields are marked *