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2018 was Positive on Trade, Negative on Investment Confidence

It seems not so long ago that Canadian exporters were considering how the business landscape would change without the North America Free Trade Agreement (NAFTA). Fortunately, that scenario hasn’t played out and a new trade agreement, the Canada-United States-Mexico Agreement (CUSMA) was reached. For export sensitive sectors, this was especially welcome news, but CUSMA, and other trade agreements like it, are not an end-point, more accurately, it’s a foundation for Canadian exporters to ...

A Good Deal for Canadians

The United States-Mexico-Canada Agreement (USMCA) is an updated, modernized North American trade agreement that is good for Canada and good for Canadians. It is the result of Canada being tough at the negotiation table, united at home and getting the job done. Canada negotiated hard. We stayed strong, even when some were urging capitulation. We held out for a good deal, and we got a good deal. Canadians can be justly proud of this. The Canadian Chamber of Commerce, which represents ...

N.S. Seafood Alliance Nears Goal of 100 Members

The Nova Scotia Seafood Alliance (NSSA) is nearing a goal set 16 months ago to recruit 100 members to the umbrella organization that represents the interests of small and medium-sized seafood companies in the fishing industry. “The Alliance is growing nicely and we are quite proud of that,” said Leo Muise, executive director of the Alliance. “We currently have 93 members as of this moment, including associate members,” which “represents a significant portion of the shore ...

CPTPP: New Trade Deal Should Expand Seafood Markets

For the Atlantic Canadian fishery, at least on the international export front, one might argue that the future is taking one good turn after another. It was only back on September 21 of last year that the much-awaited Canada-European Union Comprehensive Economic and Trade Agreement (CETA) provisionally came into effect — meaning after years and years of negotiations, trade barriers are now reduced for virtually every sector and Canadian companies will have access to EU’s $22-trillion ...

What is the Outcome for N.L. Dropping Minimum Processing Requirements?

What did Newfoundland and Labrador get for giving up minimum processing requirements (MPR) under CETA? CETA is the trade deal Canada just signed with the European Union and the signature for Canada was Justin Trudeau. MPRs reflect an established right of a province to impose minimum processing requirements for fish landed at our ports. In the past, exemptions have been approved for the export of unprocessed fish when the market required it and/or when processing was not viable. No other ...

U.S. Lobster Industry Braces for Christmas Disruption as Canada’s Zero Tariff for EU Goes Into Effect

Canadian live lobster exporters are about to see the elimination of the eight per cent EU tariff on live lobsters, as a result of the implementation of the Canada Europe Trade Agreement (CETA). The agreement has various provisions, lowering tariffs on Canadian seafood exported to the EU over several years, but the eight per cent tariff on live lobster was eliminated completely the day the pact went into force. This has the potential to disrupt live lobster trading patterns during the ...

Positive Outlook on the Horizon

All Atlantic Canadians are familiar with the ages-old, weather proverb in like a lamb, out like a lion. This saying of course, refers to climatic predictions for the month of March. But many are wondering if the same adage might apply to the date of September 21, 2017. That particular day on the calendar marks the much-awaited (that’s probably an understatement) Canada-European Union Comprehensive Economic and Trade Agreement (CETA) provisionally coming into effect — meaning after ...

Troubled Lobster Season Wraps Up in SW Nova

The lobster fishing industry in the south western end of Nova Scotia has been going through heady and profitable times during the past decade. While prices still mimicked those paid 30 years ago, the volume landed made up the difference in the all-important take home pay. No matter that signs appear to be a bit amiss on the lobster patch, a volume versus quality mentality pervades this industry to this day — but climate change could put an abrupt end to the catching frenzy, especially ...

Will 2017 Produce Another Game Changer?

Most people in Atlantic Canada will not have to read this editorial to realize that this month marks the 25th anniversary of the infamous cod moratorium. On July 2, 1992, John Crosbie put, what many thought, would be the final nail in the coffin of what was once the largest cod fishery in the world. The feeling at the time was the fishery in Newfoundland and Labrador, as it was known at the time, was over. But despite the initial shock and despair at the time, the fishery was forced to look ...

Canada Will Ship Lobsters and Scallops to Europe Duty Free as Early as May 1

The Canadian free trade agreement with the European Union (EU), called CETA (Comprehensive Economic and Trade Agreement), has been in the works for years, but its first real fisheries effects are about to be felt on both sides of the border. As early as May 1, the treaty will come into force. The final step is the final ratification by the Canadian Parliament which is likely to occur very soon. Most observers think May 1 is the most likely date. As is usual in most trade agreements, many ...