Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


James Wallace, CEO Fortuna Ltd

Falklands' fishery exports to EU: small window opens but much negotiations still ahead

  (FALKLAND ISLANDS, 7/23/2021)

James Wallace, CEO Fortuna Ltd., made the following comments regarding the European Union Council Regulation referred to Falkland Islands fishery exports to the EU. We welcome the publication today of Council Regulation (EU) 2021/1203 as regards autonomous union tariffs for certain fishery products (ATQ).

As 01 January 2021 an annual amount of 75,000 tons of Falklands squid (Patagonian squid) can be imported into the EU, for processing, with a 0% duty.

The agreement is back dated so the Falklands catch from the first season of 2021, currently in cold storage under customs bond in Spain, is included under the new terms, subject to rules governing the application process.

A Lavinia reefer cargo during illex squid transshipment in the Falklands (Photo: courtesy MercoPress) -->

It is an important step for the Falklands following the imposition of Brexit tariffs. The new deal between the UK and the EU (the Trade and Cooperation Agreement of 01 Jan 2021) only covered fishery products emanating from the UK. This development under ATQ regulations is the first that covers product from UK overseas territories.

However, the agreement is limited to product that is destined for ‘industrial processing’ within the EU. Most of our company’s production of Falklands squid is sold wholesale in primary processed form to the food service sector or as ‘refreshed product’ through supermarket fish counters.

Unfortunately the squid destined for sale through these main channels is not by covered by ATQ regulations which are designed to help meet fish consumption needs and support Union production of fishery products.


Photo: courtesy MercoPress

We estimate that only around 20% is sold to EU processors for processing in the EU, where it is usually more expensive to process large quantities of squid than in third countries.

In this small and highly competitive sector it is the processors who import the product and take the risk of complying with the conditions, so much of the ATQ initial financial benefit will be for them.

Photo: courtesy MercoPress

So while we welcome it as an agreement that will primarily benefit one of our customer segments - the European Union processing industry -it is not a replacement of the quota-free-access that the Falklands enjoyed on all its fishery products prior to Brexit.

Previously our EU customers were able to import both species of squid caught in Falklands waters (Illex as well as Loligo) and the various species of finfish, under a long term suspended tariffs agreement.

Given that the EU processing sector is only home to around 20% of our annual production of Falklands Loligo squid the EU processing market is therefore limited to around 15,000t of the 75,000t average annual catch.

It is difficult to see the 75,000t ATQ cap being fully utilized, based on current sales trends.

Our hopes for ATQ as a solution to Brexit tariffs rest on further discussions with the EU to widen the definition of ‘processing’ so that ATQ regulations can apply to squid destined for the other more significant market segments such as food service and retail.

James Wallace, CEO, Fortuna Ltd

Source: MercoPress

[email protected]
www.seafood.media


Information of the company:
Address: Waverley House, Philomel Street
City: Stanley
State/ZIP: (FIQQ1ZZ )
Country: Falkland Islands
Phone: +500 22616
Fax: +500 22617
E-Mail: [email protected]
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Veramaris Achieves a Record-breaking Year With a 50% Increase in Production Volumes
Online registration is Now Open for Aquaculture Vietnam 2024
Tasmanian Oyster Company Renews Friend of the Sea Certification
Good Results in a Biologically Challenging Quarter for Mowi in Norway
Coles Canned Tuna Range to Get Tick of Approval from MSC
Seaweed Caviar: The “Roe” of the Future
A Gourmet Line of Peruvian Seafood Like no Other
Shinkei Announces USD 6 Million in Seed Funding for Sustainable Robotic Fish Harvesting
BEWI Introduces New EPS Grades and Fish Boxes with 60% Lower CO2 Footprint
Enabling the Blue Food Revolution
American Seafoods Releases Annual Sustainability Report
Natural Shrimp, Inc. Completes Successful Trial in Japan
Seafood Expo Global/Seafood Processing Global will break records in April with its largest edition
J-HOTATE Association Will be Exhibiting at Seafood Expo Global Presenting Premium and Fresh Japanese Scallops
BioVaxys and Spayvac-for-Wildlife Launch Field Trial for Immunocontraception in the Commercial Aquaculture Industry
BLUU Seafood Opens New Headquarters in Hamburg with Europe's First Pilot Plant for Cultivated Fish
Holland America Line Becomes First Global Cruise Line to Receive International Seafood Certifications
Trout Fed with Algae and Insects
Bumble Bee Seafoods Announces New CEO
Wild Tide Seafoods Delivers from the Harbor to Your Home
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Nestlé Joins and Ocean 14 Capital Fund I Reaches 200 Million Euros to Improve Ocean Health
United Kingdom Ocean 14 Capital Fund focusing exclusively on the multi-trillion-dollar ‘blue economy’, has announced it has closed on €201 million (USD 217.46 M) to support its mission of fundi...
Indian Ocean squid price index: Flying squid (Ommastrephes bartramii)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Shrimp Imports: Weak Yen Reduces Purchasing Power
Japan In the first quarter of 2024, Vietnamese shrimp exports to Japan reached 103 million USD, down 2% over the same period. After increasing by 30% in January, shrimp exports to Japan decreased by 21% and...
The Marine Stewardship Council (MSC) Begins 'On-Site Audit' in Chubut for Shrimp Certification
Argentina A key step in the process to achieve the seal of the coastal (onshore) fishery of the Pleoticus gallinari species in the jurisdictional waters of Chubut. It is part of the “full assessment&rdquo...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER