Canadian lobster in the pink thanks to European trade deal

The Comprehensive European Trade Agreement (CETA), soon to be implemented, will give a significant boost to Canada’s harvesters over those from Maine. Europeans will pay for Canadian lobsters tariff-free, while they pay a surcharge to Americans. Once freight and shrinkage fees are calculated in, lobsters can get expensive, so the CETA could make a significant difference to the prices charged for Canadian lobster in the European Union. Europe imported more than $150 million in lobster from the United States last year, slightly less than what they imported from Canada.,, CETA, however, could also benefit Americans since they send a good portion of their lobster catch to Canada for processing. Americans can rely on Canadian-based processing to increase sales by passing through Canada. click here to read the story 12:06