Business View Magazine | May 2019

164 BUSINESS VIEW MAGAZINE MAY 2019 THE NEW NAFTA The new Canada-United States-Mexico Agreement on trade is good news for Canada’s fisheries and seafood industries. The fisheries and oceans commitments in this deal are the strongest in any free trade agreement in the world. They will help grow Canada’s ocean economy and will protect this critical ecosystem for our children and grandchildren. Under the new NAFTA, our fish harvesters and seafood industries will continue to have tariff- free access to our largest seafood export market, the United States. Canada’s exports to the U.S. topped $4.3 billion in 2017. Ensuring that our fish, crab, lobster, and other products can be sold to the U.S.– tariff free – is critical to supporting middle-class families and creating jobs. Beyond the direct economic importance of the new NAFTA, this agreement contains significant measures focused on promoting and enhancing ocean health – actions that will help to ensure that our children and grandchildren can enjoy all of the benefits our oceans provide. Through this agreement, our three countries have committed to promoting trade in sustainably managed fisheries, to preventing overfishing, and to working together to protect marine habitat from pollution and invasive species.