May 23, 2017 — The National Fisheries Institute (NFI) encouraged the reduction of tariffs on United States seafood exports at public hearing before regulators in Washington, D.C., on 18 May.
Meanwhile, the American Shrimp Processors Association urged more restrictions on seafood imports from other countries in order to cut the United States’ significant overall trade deficit.
The U.S. Department of Commerce and the U.S. Trade Representative asked for public comments on an executive order, “Omnibus Report on Significant Trade Deficits,” which impacts U.S. trade deficits with 13 countries: Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Switzerland, Taiwan, Thailand, and Vietnam.
“Addressing the U.S. goods trade deficit with any one of the 13 nations/blocs of nations identified by the department should focus on opening markets for American seafood, reducing overseas tariffs, and eliminating non-tariff barriers,” NFI President John Connelly said at the hearing. “Fully 95 percent of world’s consumers and nearly 80 percent of consumer purchasing power lie outside of the United States, and both numbers are likely to rise in the future.”
For example, per capita seafood consumption in Japan is 300 percent higher than in the U.S., and U.S. seafood exports to Japan were USD 681 million (EUR 608 million) in 2016, Connelly said.
“The Trans-Pacific Partnership would have immediately eliminated and phased out Japan duties on U.S. roe, surimi, and cod,” Connelly said. “This would have allowed domestic fishermen, and particularly fishermen on the Pacific coast, to exploit opportunities in a country that already has a high opinion of the U.S. harvest, and in the process would help narrow the U.S. trade deficit with the nation’s closest Pacific Rim ally.”
In addition, implementation of the Comprehensive Economic and Trade Agreement, a recently signed trade deal between Canada and the European Union, has placed U.S. exporters at a competitive disadvantage, according to Connelly.