Thank you, Mr. Chair.
Thank you, gentlemen, for appearing. I appreciate your input.
Professor McDorman, I read your testimony before the Senate.
Dean Saunders, I read the policy options document that you wrote for the royal commission in Newfoundland and Labrador and I want to clarify a couple of things that are in there. That document that you wrote, among other things, reviewed a series of policy options for the management of straddling stocks. They included the possibility of a unilateral extension of the EEZ custodial management and renewal reform of NAFO.
I think in the document you said that, far from being a magic silver bullet, custodial management was in fact quite risky and that the most realistic and productive course of action was to reform NAFO.
I wonder if you still think that and if you had a chance to read the testimony of the fisheries minister from Newfoundland and Labrador, who talked to us a little bit about his definition of custodial management and his belief that it's the approach we should have taken in these negotiations.