A "mini-deal" struck last month to remove EU tariffs on U.S. lobsters is unlikely to be followed swiftly by similar accords, given transatlantic differences over agriculture, EU Vice President Valdis Dombrovskis said on Monday.
The European Union today agreed to eliminate tariffs on imports of U.S. live and frozen lobster products while the United States agreed to reduce tariffs on other items, U.S. Trade Representative Robert Lighthizer and EU Trade Commissioner Phil Hogan announced.
Seafood exporters are anxious about the EU-Vietnam FTA (free trade agreement) that is expected to give Vietnam an export advantage on marine food products vis-à-vis India in accessing EU markets.
If you want to take a look of the future of Seafood in U.S. then look to Europe. Years ago, the Europeans were copying retailing trends from the U.S. Now the pendulum has swung the other way and the U.S. is looking to what Europe is doing.
A University of Hong Kong (HKU) study released last month found that European eel was being commonly sold in the city, raising concerns about the enforcement of Cites regulations.