THIS IS AN ARCHIVED SITE
This site contains information as of January 19, 2017. Click HERE to go the CURRENT Trade.gov Website.
facebook twitter Blog LinkedIn email youtube   

« TPP Home
automotive
Building Products
Chemicals
Consumer
energy
fish
forest products
health
Information and Communication Tech
machinery
metals
service
textiles
transportation
australia
brunei
canada
chile
japan
malaysia
mexico
New Zealand
peru
singapore
vietnam
download report

share

OPPORTUNITIES FOR THE U.S. FISH AND FISH PRODUCTS SECTOR
 Trans-Pacific Partnership

U.S. Fish & Fish Products Exporters Currently Face Barriers in New TPP Markets**


$986 Million
in U.S. Fish and Fish Products Exports to New TPP Markets in 2015


Fish and Fish Products Exports Face Tariffs in New TPP Markets Uup to 35%


An Estimated $52 Million in Duties are Levied on U.S. Fish and Fish Products in New TPP Markets Every Year


Importance of the U.S. Fish and Fish Products Sector

1.4 Million U.S. Fish Product Workers in 2015


$153 Billion in Sales in Harvested Fish and Fish products in 2014


$5.7 Billion
in U.S. Fish and Fish Products Exports to the World in 2015


U.S. Fish and Fish Products Exports to the World Grew by 43% between 2009-2015


38%
of Total U.S. Fish and Fish Products Exports to the World in 2015 Went to the TPP Region

The Fish & Fish Products Sector includes products such as frozen fish fillets, fish roe, crabs, cod, clams, and salmon

Key Market Access Benefits

Japan will eliminate import taxes on 92.6% of U.S. fish and fish products exports immediately

Malaysia will eliminate import taxes on 100% of U.S. fish and fish products exports immediately

New Zealand will eliminate import taxes on 100% of U.S. fish and fish products exports immediately

Vietnam will eliminate import taxes on 100% of U.S. fish and fish products exports immediately

New TPP Partners are Significant Markets for
U.S. Fish and Fish Products Exports

Japan $763 Million
Vietnam $116 Million
Malaysia $22 Million
New Zealand $8 Million
Brunei $11,287

U.S. Fish & Fish Products Exports Currently Face
High Barriers in New TPP Markets...

tariff

...Which Will Be Eliminated Under TPP.

93.0% of U.S.Fish & Fish Products Equipment Exports to New
TPP Markets will Enjoy Duty-Free Access Immediately
(Share of Exports by Tariff Elimination Basket)
Percentages rounded up to nearest whole number.

Opportunities for Selected Fish and Fish Products

alaskan pollockAlaskan Pollock

The United States is the sole supplier of Alaskan Pollock to the Japanese market, which imports $248 million on average each year. Alaskan Pollock faces a 4.2% tariff, which results in an estimated $10.4 million in annual duties levied on U.S. exports. Under its previous trade agreements, Japan has excluded Pollock from tariff elimination. However, under TPP, the 4.2% tariff will be eliminated immediately upon implementation, helping to make U.S. Pollock more competitive, to the benefit of U.S. fishermen.

codCod

The United States accounts for almost 40% of Japanís global imports of cod, with average annual duties of $6.2 million levied on U.S. exports. Under TPP, the 4.2% tariff Japan levies on cod will be eliminated immediately, helping to make U.S. exports more competitive.

Note: Brunei does not currently apply any tariffs on fish and fish products.

• For more information on the HS lines included in this sector report, please see this document.

* TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam

** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

For more information on the methods and calculations used, please see this guide.

divider

The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF reader is available from Adobe Systems Incorporated.