Saving Seafood

Seafood industry awaits details before celebrating ‘phase one’ US-China deal

January 17, 2020 — The US and China may have reached the interim trade agreement that loosely promises to commit China to purchasing more US seafood products, but the seafood industry is keeping its party hats and noisemakers in the drawer.

In a ceremony held Wednesday at the White House, US president Donald Trump and China vice premier Liu He signed the so-called “phase one” trade deal that has been described as hitting the pause button on a two-year trade war that has devastated the US agriculture and seafood industries.

The deal, which is expected to take effect in mid-February and spelled out in an 86-page document, commits China to buying $200 billion worth of additional US products, goods and services over the next two years, reducing the US’ bilateral trade deficit in goods, which hit $420 billion in 2018. It removes planned US tariffs on Chinese cellphones, toys and laptops, as well as halving the existing tariffs on approximately $120bn worth of Chinese goods, the Financial Times recounts.

Read the full story at Undercurrent News

“Phase One” US-China trade deal signed at White House

January 15, 2020 — The so-called “Phase One” trade deal, which cancels current and proposed U.S. tariffs on Chinese goods in exchange for structural economic reforms in China, was formally by U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday, 15 January at the White House in Washington D.C.

The deal, which includes specific provisions pertaining to seafood, will go into effect in 30 days.

Read the full story at Seafood Source

Facing new threats, lobstermen take hard line against right whale protections

January 3, 2020 — Their catch this year has plummeted, while their exports to China have been gutted by the trade war. The government has imposed strict quotas on their primary bait. And they’re facing serious lawsuits that could affect how they fish.

Now, the region’s lobstermen are facing a new, imminent threat, one that could drastically change how they’ve operated for generations: regulations to protect North Atlantic right whales.

With a population that has dwindled by 20 percent over the past decade to about 400, the critically endangered species is at risk of extinction, largely because of hundreds of thousands of buoy lines that extend from the surface to the seafloor in the Gulf of Maine.

As a result, federal regulators are considering rules that could cut as many as half those lines, the leading cause of right whale deaths.

But lobstermen here say such limits could devastate an industry that contributes an estimated $1.5 billion to the state’s economy, and their opposition has been building for months, with the support of their state’s leaders.

Read the full story at The Boston Globe

Little-noticed document from US-China ‘phase one’ trade deal hints of positives for US seafood

December 19, 2019 — Language contained in a short, somewhat vague document included as part of the so-called “phase one” US-China trade agreement announced Friday — but not widely publicized — hints at some positive developments coming soon for US seafood harvesters, processors, wholesalers and exporters, Undercurrent News has learned.

But the seafood industry will likely have to wait another month for the details.

Under the heading of “expanding trade”, the US Trade Representative (USTR)’s two-page fact sheet, handed out to stakeholders, says China has committed to exceeding its 2017 purchase of US goods and services by no less than $200 billion, including “manufactured goods, food, agricultural and seafood products,” among other things.

It further adds that the increase should “continue on this same trajectory for several years after 2021 and should contribute significantly to the rebalancing of the US-China trade relationship.”

Read the full story at Undercurrent News

United States and China reach agreement to deescalate trade war

December 13, 2019 — The United States and China announced an agreement in which China will make structural reforms to its trading policies and strengthen its intellectual property protections in exchange for a reduction of current and proposed U.S. tariffs.

The U.S. will cancel its plan to implement another round of tariff increases later this month, and will reduce its 15 percent tariffs to 7.5 percent on USD 120 billion (EUR 107.9 billion) worth of Chinese goods. It will leave in place 25 percent tariffs on an additional USD 250 billion (EUR 224.8 billion) of Chinese imports, however, according to the Office of the U.S. Trade Representative (USTR). The USTR did not identify which goods would see reduced tariffs.

Read the full story at Seafood Source

Maine lobsters head for distant new market

December 12, 2019 — The changing climate and a seemingly unending round of trade wars are putting the squeeze on Maine’s lobster industry.

As the Gulf of Maine warms at a rapid pace, the lobster population seems to be shifting its location. At the same time, increased Chinese tariffs on lobster, imposed in retaliation for U.S. tariffs on an array of imports from China, have cut Maine exports into that lucrative market sharply.

Demand for lobster hasn’t disappeared in China, but most of it is now being filled by Canadian dealers, frequently shipping lobsters imported from Maine.

To help fishermen combat these pressures and diversify the New England seafood industry, Food Export USA–Northeast recently organized a three-day trade mission to Dubai for several Maine lobster dealers.

Traveling to the city, one of the United Arab Emirates on the shore of the Persian Gulf, said Tim Hamilton, executive director, Food Export USA-Northeast, were representatives from Greenhead Lobster Co. in Stonington, Maine Coast Lobster in York and Ready Seafood in Portland.

Also on the trip were representatives of Island Creek Oysters, a Massachusetts-based oyster grower.

“One way to counter what’s happening in the world today is to diversify export markets for all Northeast U.S. seafood products,” Hamilton said. “Our programs, services and promotional activities around the world can help suppliers do that.”

Dubai and countries in the Gulf Cooperation Council (GCC) represent a potentially rich export market opportunity for Northeast U.S. seafood suppliers. In 2018, U.S. seafood exports to six GCC countries (the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia) amounted to $14.4 million, while total U.S. food and agricultural exports to that market comprised $3.3 billion, so U.S. seafood exports are only about a half a percent of total U.S. food exports.

Read the full story at The Ellsworth American

In the face of harsh tariffs, the Maine lobster industry fights to save the export business, and innovate to find new U.S. Markets

November 15, 2019 — Lobster from Stonington, Maine’s biggest lobster harbor, used to travel around the world. Now, because of issues with tariffs in both Europe and China, much of the catch stays closer to home. So far, fishermen haven’t felt the loss of export business in their paychecks, but many know that Maine’s signature seafood needs the most comprehensive market possible to make the most money.

Longtime fisherman Mike Billings watched the dock crew unload his day’s catch, and said exports are needed.

“My grandfather, I fished with him when I was a kid, and he said if we could just get the lobsters out to the rest of the world, not just this country, we could get a decent price for them. “

Maine has had an export market for many years, but that business started growing significantly as lobster dealers were able to open up the market to China. According to figures from the Maine International Trade Center, exports of live lobster to China grew from 26 million pounds in 2014 to a high of 56 million in 2017. Dealers like Hugh Reynolds of Greenhead Lobster say the business was heading for more growth, primarily the live lobster market. 

Read the full story at News Center Maine

Despite trade war, US seafood companies still see positives in China

October 31, 2019 — Since the start of the trade war between the United States and China over a year ago, certain sectors of the seafood industry have seen sharp drops of trade between the two countries.

The United States and China have taken turns ramping up tariffs on each other’s products, starting at 10 percent tariff rates and escalating to 25 percent duties on most products, including seafood, traded between the two countries.

Read the full story at Seafood Source

All Hands: Alaska determined to overcome tariff troubles

October 9, 2019 — The theme coming out of Alaska seafood’s annual meeting is — no surprise — tariffs.

The Alaska Seafood Marketing Institute opened its All Hands On Deck meeting today in Anchorage with annual updates from its program directors, followed by public meetings for species committees and the Responsible Fisheries Management program.

International Program Director Hannah Lindoff opened her update with a slide detailing the current state of U.S./China tariffs.

“This is the most up to date information,” said Lindoff. “But if anyone is on Twitter and something changes, please let me know.”

Although most products in Alaska’s portfolio are exempted from U.S. tariffs on Chinese exports — salmon, pollock and Pacific cod — competition in the global marketplace makes tariffs disadvantageous for any fisheries affected by additional duties.

For example, Alaska contributes 10 to 15 percent of the global supply of red king crab. Russia supplies about 70 percent. Alaska’s red king crab quota is down 12 percent for 2020. Golden king crab and snow crab quotas are up 13 and 23 percent, but the tanner/opilio fishery is shut down for the year.

Read the full story at National Fisherman