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Lobster Industry News

Maine lobster industry braces for impact of Canada’s sweet EU deal

November 29, 2017

http://www.pressherald.com/2017/11/29/canadas-biggest-lobster-fishery-starts-eager-to-capitalize-on-eu-trade-deal/

More than 1,700 fishing boats raced out of Nova Scotia ports before first light Tuesday morning on what is known as Dumping Day – the opening of Canada's biggest and most lucrative lobster fishery.

It also signals the start of when their U.S. rivals in Maine and Massachusetts will begin to feel the sting of the 8 percent tariff differential created when Canada signed a new trade deal with Europe, leaving American lobstermen to wonder just how much of that valuable market they are about to lose.

 

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