Tag Archives: Zoneco

Canadian lobster exporters feel ripple effect of U.S.-China trade war

The United States-China trade war is creating choppy seas for Canada’s lobster exporters. It has led to the dumping of Maine lobster — now priced out of China — in other Asian markets and Europe, said Jack Liu, president of North American operations for Zoneco, a large Chinese seafood company with a Nova Scotia operation. Dumping is when a country or company exports a product in a foreign market at a price that is lower than the price in the exporter’s domestic market. “All of a sudden they lost the Chinese market due to the 25 per cent tariff and what are they going to do? They are going to dump those amount of lobster into other parts of the world market. We have seen that,” said Liu. >click to read<19:08

Nova Scotia lobster, or ‘Boston Lobster’ in China, could be rebranded

With Canadian lobster sales in China at record levels, a major Nova Scotia exporter is trying rebrand the tasty crustacean to overcome its generic name in China: “Boston lobster.” “We all know Canadian lobster is better quality than lobster from the U.S. side,” says Jack Liu, of Zoneco, a large Chinese seafood company that has bought into the Nova Scotia lobster industry. “It’s stronger, the meat is fuller. The yield is high, there is more meat inside. “The first company in the Chinese market was American. “Boston lobster” has, as a result,,, Read the rest here 12:51