October 23, 2013 — A move four years in the making, Canada and the EU’s first free trade agreement will eliminate most duties on seafood products
Canada’s seafood exports to the EU were worth an average of CAD 400 million (USD 385 million, EUR 279 million) annually between 2010 and 212. The exports face average EU tariffs of 11 percent, with highs of 25 percent.
When Canada-European Union Comprehensive Economic Trade Agreement (CETA) takes affect, almost 96 percent of EU tariffs for seafood products will be duty-free. In seven years, 100 percent of the tariffs will be duty-free.
EU tariffs ranging between 6 and 20 percent will be eliminated on products including frozen shrimp, cooked and peeled shrimp, frozen lobster, live lobster frozen mackerel, salmon and more.