Saving Seafood

Revised NAFTA agreement between US and Mexico may leave Canada behind

August 28, 2018 — The United States and Mexico have come to a preliminary agreement to revise the North America Free Trade Agreement (NAFTA),

The agreement, which does not yet include Canada, is expected to be finalized within days, according to U.S. President Donald Trump. It includes modest changes to the trade accord, which was put in place in 1994 as a means to lower tariffs and other trade barriers between the three countries.

“We’re very excited about this agreement,” U.S. Trade Representative Robert Lighthizer said in an interview with CNBC. “We think it is going to lead to more trade, not less trade.”

Changes to the accord include modifications to regulations affecting the automobile, energy, and telecommunications industries, as well as a tightening of intellectual property protections. The agreement, which extends NAFTA for 16 years, also includes a sunset clause that requires the U.S., Mexico, and Canada to ratify the deal every six years.

However, an agreement that does not involve Canada is likely to face a legal challenge, according to The New York Times.

“[NAFTA] is a trilateral agreement. It requires legislation and a change to NAFTA requires legislation,” said U.S. Senator Patrick J. Toomey [R-Pennsylvania]. “I’ve told them any change has to go through Congress. There is not necessarily complete agreement about that.”

Trump will also likely face opposition from Congress, which only granted his administration authority to renegotiate NAFTA as a trilateral deal.

Read the full story at Seafood Source

Trump’s Trade Policy Is Lifting Exports. Of Canadian Lobster.

November 12, 2017 — CENTREVILLE, Nova Scotia — This lobster factory on a windswept bay in eastern Canada is so remote that its workers have to drive for miles just to get cellphone service. But Gidney Fisheries is truly global, with its lobsters landing on plates in Paris and Shanghai through trade agreements hammered out in far-off capitals.

Of late, these trade pacts have been shifting in the factory’s favor, giving it an advantage over its American competitors.

A new trade agreement between Canada and the European Union has slashed tariffs on imports of Canadian lobsters. That means more 747s filled with Christmas-red crustaceans will depart from Nova Scotia for European markets this winter — and more revenue will flow to Gidney Fisheries. The factory, which in the 1800s sent its lobsters to Boston by steamship, is flush with potential as it gains access to new markets and plans to increase its work force by roughly 50 percent, adding dozens of positions to its current payroll of around 85 workers.

“For us, free trade is a good thing,” said Robert MacDonald, the president of Gidney Fisheries, which processes 10,000 to 15,000 lobsters a day.

The Trump administration has adopted a skeptical view of trade deals, promising to scrap or renegotiate global agreements that it believes put American companies and workers at a disadvantage. Among them is the North American Free Trade Agreement, which the United States is trying to renegotiate. It will join its partners in the agreement, Canada and Mexico, for a fifth round of talks in Mexico City that officially begin on Friday.

Some trade experts, though, say America’s get-tough approach is dissuading foreign partners from jumping into talks. Other countries, like Canada, are forging ahead with their own trade deals as they balk at the tough terms the United States is demanding in its trade negotiations. Over the weekend, a group of 11 countries including Canada announced that they were committed to moving ahead with the Trans-Pacific Partnership, a sweeping multinational trade deal negotiated by the Obama administration.

Read the full story at the New York Times

Reactions to Trump victory trickle in from seafood industry

November 11th, 2016 — Seafood companies and industry groups have begun to issue statements and responses to the election of Donald Trump as president of the United States.

Trump has said little about the seafood industry directly, but he has expressed favor for policies that reduce environmental barriers preventing the further development American industry, which may lead to changes in the management of U.S. fisheries. Trump has also taken a strong stand against free-trade agreements, and if he acts on pledges to scuttle the Trans-Pacific Partnership framework, add tariffs on Chinese imports and renegotiate or withdraw from the North America Free Trade Agreement, it will likely have an significant effect on the global seafood trade.

The National Fisheries Institute, the trade group representing the American seafood industry, released an official statement on Wednesday, 9 November, though spokesman Gavin Gibbons.

“NFI is prepared to work with incoming President Trump and his administration on all aspects of seafood,” it said. “From trade to fisheries and nutrition, seafood is an important component of a variety of vital sectors. NFI is ready to serve as a resource as this new administration begins to learn the complexities and significance of seafood.”

Read the full story at Seafood Source