HALIFAX: The Nova Scotia Seafood Alliance has welcomed the new trade agreement between Canada and China, describing it as a significant relief for the province’s fishing sector. Executive Director Chris Vascotto highlighted that the deal will provide a much-needed boost to local exporters who rely heavily on international markets. Under the new federal guidelines, China will remove the 25% additional tariff on Canadian lobster and crab starting March 1, 2026, through the end of the year. This is particularly crucial for Nova Scotia, as approximately 40% of the province’s seafood exports are currently destined for the Chinese market.
While the removal of tariffs on high-value products like lobster and crab is seen as a major victory, Vascotto noted that some concerns remain within the industry. Specifically, products such as cold-water shrimp and surf clams are still subject to significant tariffs. These products represent nearly $100 million in annual revenue, and the industry continues to advocate for tariff-free access for these categories to ensure a level playing field for all seafood producers in the province.
Despite these lingering issues, the overall sentiment remains optimistic. Vascotto stated that the current agreement provides a hopeful outlook for the 2026 fishing season and serves as a vital step in stabilizing trade relations. The industry remains hopeful that future negotiations will lead to a phased removal of tariffs on the remaining seafood products, further strengthening Nova Scotia’s position as a global leader in marine exports.
