Five years of European Union trade negotiations with Japan have just wrapped up, and the resulting free-trade deal will eliminate all duties on fisheries products exported to Japan from the Continent, a massive boost for salmon exports.
“All (fisheries) tariffs will be eliminated on both sides, meaning better prices for EU consumers and big export opportunities for EU industry,” a statement from Strasbourg confirmed on Wednesday.
The EU exports about EUR 375 million in fisheries products to Japan each year.
Other, competing exports also got the green light, Strasbourg said. Tariffs on pork will also disappear and those on beef will be cut to nine percent from 38.5 percent over 15 years.