Tag Archives: Canada-European Union deal
Maine wants U.S. help to prevent lobster trade gap with Canada
As a trade deal between the European Union and Canada nears completion, politicians in Maine want the federal government to find a way to prevent the U.S. from landing in a major trade disadvantage over a valuable, and tasty, resource — lobsters. The Canada-European Union deal would get rid of tariffs on Canadian lobster exports to the 28-nation bloc. That would give Canada a huge advantage over the United States in sending some coveted seafood products overseas. EU nations imported more than $150 million in lobster from America last year, and took more than $190 million Canadian (US$143 million) from Canada. The combination of a strong U.S. dollar and tariffs would make it hard to compete with Canada, American lobster exporters said. continue reading the story here 20:57
