Govt. to invest USD 243 million in Atlantic Region seafood sector
Lobster fishermen. (Photo: PEI Department of Agriculture and Fisheries)
The Government of Canada is investing CAD 325 million (USD 243.6 million) in the fish and seafood sector through the Atlantic Fisheries Fund to stimulate innovation, with a focus on growing opportunities and increasing their value to meet market demands for sustainably sourced, high quality fish and seafood products.
As part of the initiative, under the Atlantic Growth Strategy, authorities and the Atlantic provinces are collaborating to grow the region’s economy, including resource-based sectors, and build a vibrant future for Atlantic Canada.
Export rejection rate by the EU drops India
European Union rejections on Indian seafood exports have gone down consistently in the last five years, according to the Marine Products Export Development Authority.
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