Madam Chair, I want to thank the member from Bonavista—Burin—Trinity for the question. Being a member from a coastal community, he knows how important the fish and seafood sector is to our local economies.
Madam Chair, yesterday we were able to announce the opening of the seafood stabilization fund. People will now be able to apply for that fund starting on June 22. This fund of $62.5 million is aimed at processors, who will be able to retool their facilities in order to increase capacity with fridges and freezers as well as make sure that they have available PPE to make sure that their workers stay safe.
We also opened the fish and seafood opportunities fund, which is going to give us an ability to directly market to the domestic market. Seeing as there are challenges in the export market and since we know that the fish and seafood sector is an extremely important part of our economy, we're encouraging Canadians to purchase local, healthy seafood.
Madam Chair, we're going to continue to work with our fish and seafood sector to make sure that they're able to provide for our rural and coastal communities.