Minister Fast Leads Canadian Delegation at Seafood Expo Global 2014
Our government is continuing to open markets and provide new opportunities for Canada’s world-class fish and seafood industry to expand and win around the world to create jobs here at home, says Minister Fast
May 7, 2014 - Brussels, Belgium - Foreign Affairs, Trade and Development Canada
The Honourable Ed Fast, Minister of International Trade, is leading Canada’s delegation at the Seafood Expo Global 2014, which runs from May 6 to 8 in Brussels, Belgium. This will mark the first time a minister of the federal government has attended this important trade show.
Minister Fast will promote and highlight Canada’s world-class fish and seafood products and support Canadian exhibitors as they position themselves to benefit from the comprehensive economic and trade agreement (CETA) between Canada and the European Union. CETA will provide the Canadian industry with a clear competitive advantage and guaranteed market access on preferred terms by eliminating all tariffs on Canadian fish and seafood, which will create jobs and increased opportunities to export to the largest and most lucrative market in the world.
- Canada has one of the world’s most valuable seafood preparation industries; in 2013, it contributed $944 million to Canada’s GDP and supported 20,100 Canadian jobs.
- Canada’s fish and seafood exports to the EU were worth an average of $371 million per year between 2011 and 2013. These exports faced average EU tariffs of 11 percent, with peaks of 25 percent. Close to 96 percent of EU tariff lines for fish and seafood products will be duty-free on CETA’s entry into force, rising to 100 percent seven years later.
- Approximately 85 percent of all fish and seafood landed by Canadian harvesters is exported. Canada’s largest exports by value are lobster, snow (queen) crab, farmed Atlantic salmon and shrimp. In 2013, these species accounted for 281,000 tonnes of exports—47 percent of total Canadian fish and seafood exports by volume and, at $2.7 billion, 62 percent of the total by value.
- Aquaculture is one of the world’s fastest-growing food production sectors, supplying nearly 50 percent of the global demand for fish and seafood. The Canadian aquacuture industry plays a part, generating more than $800 million in production value.
“I’m pleased to be here at the Seafood Expo Global to support our companies as they explore new business opportunities. The comprehensive economic and trade agreement between Canada and the European Union will create jobs and opportunities for hard-working Canadians and their families from coast to coast.”- Ed Fast, Minister of International Trade
Office of the Honourable Ed Fast
Minister of International Trade
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