TRADE WAR ADDS CANADIAN FLAVOUR INTO CHINESE CUISINE
The STAT Trade Times|January 2020
The surging lobster business in Canada built on the trade war between the US and China shows the capability of Nova Scotia in addressing the supply chain issues of stakeholders, at a time when China demanded more lobster than the province exported earlier. By exporting around 22 tonnes from January-October 2019, one of the three maritime provinces of Canada is confident to face the aftermath if trade war ends, by foraying into new markets.
Shalini Nair
TRADE WAR ADDS CANADIAN FLAVOUR INTO CHINESE CUISINE
Lobsters from Nova Scotia have embarked on several flights to China, where they have been celebrating their fame on Chinese platter since July 2018. China’s 25 percent tariff on American lobster has been an added boon for Canadian producers, kicking out Maine’s lobsters from Chinese cuisine. Things even got worse for American lobstermen when an additional 10 percent was imposed on September 1, 2019. Chinese customers have gravitated towards Canadian lobster in response to the on-going trade war with the United States. However, the 86-page text of the phase-I deal between both the super powers announced by the White House in December and to be formally inked in January 2020, even failed to cheer up the lobster industry. The deal focused on technology agreements and importing billions of dollars worth the United States manufactured goods.

Canadian food items have become glamourous in China, given the history of Canada which has been living in the shadow of American soft power exports. As per the data from The Lobster Council of Canada, Canada exported 22,159,700 kilogrammes (22159.7 tonnes) of live lobster to China from January-October 2019, which accounted to Canadian dollar (CAD) 384,443,865. Since the outbreak of trade war, Canada sent 14,142,409 kilogrammes (14142.409 tonnes) to China - lobster worth CAD 257,324,773. The five-month period in 2018, showed a record surge compared to 2017 figures, which stood at 8,592,810 kilogrammes (8592.81 tonnes).

This story is from the January 2020 edition of The STAT Trade Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the January 2020 edition of The STAT Trade Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM THE STAT TRADE TIMESView All
AVIATION INDUSTRY: FUELING THE FUTURE WITH SUSTAINABILITY
The STAT Trade Times

AVIATION INDUSTRY: FUELING THE FUTURE WITH SUSTAINABILITY

Following rising concerns about climate change and the urgent need to reduce greenhouse gas emissions, the aviation industry is building a well-established strategy for sustainability. Thanks to technological advancements, innovative practices, and a strong commitment to environmental stewardship, sustainable aviation is emerging as the path to a greener future.

time-read
7 mins  |
June 2023
WHO IS CHANGING THE GAME FOR AIR CARGO?
The STAT Trade Times

WHO IS CHANGING THE GAME FOR AIR CARGO?

Up until five years ago, the air cargo industry was considered less digitally mature than other sectors marked by rigid legacy systems. But with the onset of Industry 4.0, innovation is on every business manager’s agenda and exciting changes are transforming this industry. Also, as consumer habits change and customer expectations grow, clients demand end-to-end visibility of their delivery. With emerging technologies like Blockchain, Artificial Intelligence and IATA’s initiatives One Record and Interactive Cargo, technology is definitely making changes to efficiency.

time-read
7 mins  |
January 2020
WAITING TO BE FILLED AIR CARGO CONTINUES TO BE IN THE DOLDRUMS
The STAT Trade Times

WAITING TO BE FILLED AIR CARGO CONTINUES TO BE IN THE DOLDRUMS

Global air cargo industry continues to suffer across all regions and the demand decline experienced in 2019 is the steepest drop since 2009 during the global financial crisis. Airline association IATA predicts that air cargo demand will increase by two percent in 2020; however there are several ifs and buts for the industry to get back to growth momentum.

time-read
5 mins  |
January 2020
TRADE WAR ADDS CANADIAN FLAVOUR INTO CHINESE CUISINE
The STAT Trade Times

TRADE WAR ADDS CANADIAN FLAVOUR INTO CHINESE CUISINE

The surging lobster business in Canada built on the trade war between the US and China shows the capability of Nova Scotia in addressing the supply chain issues of stakeholders, at a time when China demanded more lobster than the province exported earlier. By exporting around 22 tonnes from January-October 2019, one of the three maritime provinces of Canada is confident to face the aftermath if trade war ends, by foraying into new markets.

time-read
4 mins  |
January 2020
INDUSTRY RISES AGAINST DANGERS OF ROGUE LITHIUM SHIPMENTS
The STAT Trade Times

INDUSTRY RISES AGAINST DANGERS OF ROGUE LITHIUM SHIPMENTS

As the threat of mis-declared or ill-packaged shipments carrying lithium batteries looms large, the aviation industry is joining forces to fight the menace. As e-commerce and demand for cleaner technology grows, the demand for lithium batteries is also seeing an upward trend. It’s time this industry affair got more attention to make aviation safer.

time-read
7 mins  |
January 2020
GECAS, IAI Launch The B777 Freighter Conversion Programme, Freighter To Enter Service In 2022
The STAT Trade Times

GECAS, IAI Launch The B777 Freighter Conversion Programme, Freighter To Enter Service In 2022

GECAS and Israel Aerospace Industries (IAI) have launched the Boeing 777-300ER freighter conversion programme.

time-read
2 mins  |
November 2019
From Booking Middlemen To Strategic Partner
The STAT Trade Times

From Booking Middlemen To Strategic Partner

Founded in the united kingdom in 1994, Air Logistics Group (ALG) has developed significantly from the traditional ‘general sales agent’ to a strategic partner offering the highest level of value added services to its airline and forwarding partners. As ALG completes 25 years, Stephen Dawkins, founder & chief executive officer of ALG, speaks to Reji John, about many more exciting years ahead providing airlines and forwarders with a reputable, financially sound partnership that can deliver in terms of revenue, network coverage, digitalisation and manpower. Edited excerpts.

time-read
4 mins  |
November 2019
FLA-PLA 2019 Call For Embracing Technology, Sustainability, Better Infrastructure
The STAT Trade Times

FLA-PLA 2019 Call For Embracing Technology, Sustainability, Better Infrastructure

Sustainability and need for collaboration dominated the narrative of the latest Flower & Perishable Logistics Africa conferences in Nairobi, Kenya. Attendees discussed the importance of infrastructure development, exploring new markets, and looking beyond the traditional avenues.

time-read
5 mins  |
November 2019
Raising The Stakes On Perishable Logistics
The STAT Trade Times

Raising The Stakes On Perishable Logistics

When dealing with fresh produce and other food items intended for human consumption, there is no wiggle room when it comes to freshness and quality. For the food to reach one’s plate, there is a lot that happens along the way – this includes harvesting crops at the right time, maintaining proper temperatures, and of course, on-time delivery from farm to fork. As consumption patterns change, regulations vary, customer expectations rise, industry players are converging to create a seamless supply chain.

time-read
7 mins  |
November 2019
Connecting Intelligently For Cargo Mobility
The STAT Trade Times

Connecting Intelligently For Cargo Mobility

The air freight industry, which has remained traditional in its processes and business models for a very long time has seen a perceptible shift on the back of advances both in operation and information technology in the last few years. For the industry to work more efficiently, the supply chain needs to generate a constant stream of data that can be collected, analysed and used to optimise productivity.

time-read
10+ mins  |
November 2019