The other hat is of an alliance. We have created an alliance with the FFAW/CAW, with the alliance of Quebec fish harvesters; we have also included organizations in Nova Scotia—we have three of them that have recently joined our group. We are promoting—and this was the long term, so this is the second subject I mentioned I wanted to speak to you about—the renewal to change some underlying structural issues in our lobster fishery, and the Maritime Fishermen's Union has been promoting this as an organization for many years. But we've decided to get together with other organizations in Atlantic Canada to be able to demonstrate that there is commonality in our views and to demonstrate that some organizations and some groups of fish harvesters are looking towards a solution to rationalize this fishery and to renew this fishery so it can reach that potential that the lobster fishery quite clearly has in the long-term future.
There are not many areas where you can find the Homarus americanus, so I think there's an advantage in terms of having to make sure we manage our fishery in the right way to be able to keep it healthy. But we think some other areas are not managing it well, and I think there's huge potential in terms of increases in value for this fishery. We are trying to state in our proposal to be able to reach this potential. This means a lot of things. This means what we've been talking about for quite a few years. It means a reduction in fleets that do not have the minimum viability to be able to make the changes that are necessary to take on the challenges that are coming our way. We've all heard about what's coming our way. It's certification, traceability, and we can name a lot of these challenges coming up. I'm sure you've heard a lot about that, so I won't repeat them.
European investment in decommissioning has been quite important in the last few years. They've realized the importance of doing it, they are doing it, and they are creating a competitive advantage for their fisheries. I can name a few. Denmark has recently invested in decommissioning, and a few other countries have. The U.K. has, and Australia is considering quite an important investment. So we are not alone in this, but we are competing in a global market for this lobster industry.
I heard the bell ring. I'm just going to cut this short and say that our members have quite clearly indicated to us that there is a sense, a feeling, of abandonment in the midst of this crisis and in the midst of the need to find a long-term solution and make the changes that are necessary for our fish harvesters to adapt, adjust, and be able to take on what's coming towards them. And they're not able to do that now.
I thank you for your time, and I welcome questions if there are any.