On January 1 this year, the Chinese Ministry of Commerce officially implemented a tariff reduction policy for seafood exported from Canada. As a result, about a quarter of Canadian seafood exports benefited. In the first 10 months of last year, Canadian seafood exports to China amounted to 487.7 million US dollars.

     With tariff reductions, crabs, frozen halibut and abalone are the most beneficial products, and tariffs on these products have been cut from 11% to 5%. In addition, Canada’s agreement with the European Union has been officially approved, and tariffs on Canadian live lobsters, fresh and frozen scallops, frozen shrimp, salted squid and frozen and fresh crabs will be reduced. The current tariffs on these products range from 7.5% to 13 %between.