This paper tries to evaluate the impact of APEC Early Voluntary Sector Liberalization (EVSL) on the fisheries sector in Taiwan by applying the fisheries sector equilibrium model proposed by the authors. The simulation results of the seafood trade liberalization show that the import quantity will increase 7.0 times, while the total domestic production and value will decrease 20.1%, and 32.2%, respectively. Even though the consumer surplus will increase 9.1%, the producer surplus will decrease 26.1%. The domestic aquaculture, offshore and coastal fisheries, which depend mostly on the domestic market, suffer most severely with 25.5% and 24.8% decreases in production, respectively. The usage of land and employment in the aquacutlure sector dectreases more than 30%. The paper concludes with a discussion of the policy implication on how to justify the losses of the fisheries sector in Taiwan.