Opportunities and Benefits of CETA for Canada’s Fish and Seafood Exporters
Why export to the EU?
- The world’s largest importer of fish and seafood products - $40 billion in 2018.
- Accounts for 27% of the world’s total fish and seafood imports.
- Imports account for 57% of total EU fish and seafood consumption. *European Market Observatory for Fisheries and Aquaculture Products (EUMOFA), 2019
- Consumption of fish and seafood in the EU was estimated at 24.35 kg per capita in 2017. *EUMOFA, 2019
- Room for Canadian fish and seafood exports levels of $506 million (2018) to increase with CETA.
How does CETA benefit Canadian fish and seafood exporters?
- Under CETA, almost 96% of EU tariff lines for fish and seafood products have become duty-free. 100% of these tariff lines will be duty-free after seven years.
- Before CETA, EU tariffs for fish and seafood averaged 11%, and could be as high as 25%.
|Under CETA, almost 96% of EU fish and seafood tariff lines have been eliminated, in particular:||The remaining EU fish and seafood tariffs will be phased out over|
|3 Years: (January 1, 2020)|
|5 year: (January 1, 2020)|
|7 Years: (January 1, 2024)|
CETA rules of origin matter
- To be eligible for preferential tariff treatment in the EU, fish and seafood products under HS Chapters 3 and 16 require that products be wholly obtained. This means, for Canada:
- Caught by Canadians fishing in Canadian waters, or
- Caught in the Canadian/European Exclusive Economic Zone (EEZs), in the high seas or in the EEZs of other countries by licensed Canadians using registered vessels that are entitled to fly the Canadian flag.
- Limited quantities of certain fish and seafood products processed in Canada using imported materials (from countries other than the EU) can qualify for preferential treatment in the EU for:
- Certain frozen fillets of halibut;
- Processed lobster;
- Prepared or preserved salmon;
- Processed herring;
- Processed shrimp; and
- Some types of prepared or preserved sardines and crab.
Other non-CETA related aspects to keep in mind when exporting fish and seafood products to the EU
- Fish and seafood exported to the EU must come from an approved establishment
- Catch certificate, issued by the Department of Fisheries and Oceans, is required to demonstrate the product has been caught legally
- Labelling – new EU regulation came into force December 2014
- Health certificate from the Canadian Food Inspection Agency must accompany shipments
- Maximum Residue Levels (for example, cadmium in oysters), must be respected as per EU requirements
|Top 5 Suppliers of Fish and Seafood to the EU||% of Import Market Share|
Source: Eurostat (2018)
Under CETA, Canadian fish and seafood exporters can now enjoy the advantages created from the agreement over competitors based in countries that do not have a preferential trade agreement in force with the EU.
For more detail on how CETA benefits your company, contact a Trade Commissioner today.
- Date Modified: