But Canada and the EU brokered a deal this year that gets rid of tariffs on Canadian lobster exports to the 28-nation bloc. “It’s on the horizon.”The new trade rules, called the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act, or CETA, cleared their final hurdle in May. The rules are taking effect as American lobster exports to some key European nations have tailed somewhat in recent years. Meanwhile, lobster exports to Asia have exploded. In Canada, members of the lobster industry cheer both the high catch volumes and the relaxed trade rules.

Source: National Post December 17, 2017 12:45 UTC