Tridge summary
The European Union plans to impose tariffs on Russian pollock and cod, which would negatively impact the EU processing industry and potentially threaten its survival. The EU relies on imported non-EU raw materials, particularly Russian white fish, for its fish processing industry. The current proposal for autonomous tariff quotas would limit the types of fish eligible for tax reductions and exclude Russian and Belarusian fish from next year, leading to increased tariffs on Russian imports and posing challenges for the fish processing industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The European Union plans to exclude Russian pollock and cod from autonomous tariff quotas (ATQs), imposing a 13.7% tariff. The Association of European Fish Processors and Traders (AIPCE-CEP) said such changes would severely restrict Growth potential of the EU processing industry and may affect its survival. Why is this important? The EU's fish processing industry relies on the import of non-EU raw materials, especially Russian white fish. In 2022, the EU's total seafood supply was 12 million tons, of which 8.9 million tons were imported from third countries, while only domestically supplied 3.2 million tons. What role did Russia play in this? The EU imported more than 2.5 million tons of white fish in 2022, including pollock, Alaska pollock, etc. Alaska pollock and pollock are the EU's main imported species, with 800,000 tons and 794,000 tons respectively. For Alaska pollock, the EU mainly imports from China, Russia and the United States, but it should be noted ...
Source: Foodmate
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