Mr. Speaker, we cannot have it both ways. The hon. member, in his speech, extolled some of the virtues of the Canada-European Union trade agreement and the benefits his home province of Newfoundland and Labrador will have by having unfettered access to 500 million customers. Quite frankly, I cannot think of a province that would benefit any more than his home province.
To be very clear, Premier Dunderdale at the time said that there was a need for a compensation fund, and that is something we have agreed to. We have agreed to a fund, with the federal share being up to $280 million, on a 70-30 cost-shared basis. No one in the House truly believes that there can be a compensation fund where there is no evidence provided of any impact or losses.
We are being very flexible with the province. We are saying that we can work together in a number of ways on this initiative. However, the hon. member knows, and all members know, that to have compensation, there must be a measurable impact, and those are the details we are committed to working out with the province.