EU rebuffs American pitch of quick deal for more lobsters

Image
AP Portland (Maine
Last Updated : Nov 15 2019 | 6:35 PM IST

The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far.

The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU.

US trade representative Robert Lighthizer has asked EU officials to consider reducing tariffs on lobster, which is a popular seafood item in many European nations, especially around Christmas.

A letter from EU trade commissioner Cecilia Malmstrm dated November 6 said the European Union could potentially be interested in a broader trade package.

However, Malmstrm balked at the idea of quickly approving a limited package of tariff cuts.

Such a deal should be "part of a wider agreement to liberalise tariffs bilaterally for industries products, including fisheries," Malmstrm wrote.

Neither Lighthizer nor Malmstrm responded to requests for comment.

Lighthizer's attempt to roll back tariffs is coming as American lobster exports to Europe are falling.

Canada, which exports the same species of lobster to Europe, brokered a new trade deal with the EU in 2017 that puts the US at a disadvantage.

Exports to France, valued at nearly USD 36 million in 2013, fell to less than USD 13 million last year.

US exports to China have also cratered due to trade hostilities between the two countries.

And the American lobster fishery, based in Maine, is currently in the midst of a slower season than it has been accustomed to this decade, leading to some anxiety in the industry.

Three members of the Maine congressional delegation sent a letter to Lighthizer on Thursday encouraging him to keep pushing for the elimination of the lobster tariff, which is 8 per cent on live lobsters.

The members, Democratic Rep. Chellie Pingree, Republican Sen. Susan Collins and independent Sen. Angus King, wrote that "Maine lobster producers and dealers must find new customers for our state's most iconic product."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 15 2019 | 6:35 PM IST

Next Story