One must admit that NAFO failed as far as overfishing of cod in the North is concerned. Unfortunately, the same thing must be said regarding fisheries management in Canada. We had problems with the cod fishery in the Gulf of St. Lawrence as well as in Nova Scotia. That is why we are in the process of changing the way we manage fishery resources. We are in the process of changing NAFO as well.
Canada must pay approximately 40 % of the cost of NAFO because we have a lot of fish. Canada is a country that has interests in NAFO, therefore we must contribute, as do the others. NAFO managed to obtain the Canada Clause, which ensures that Canada has the right to the greatest share of the harvest because our country is the one with the greatest interest in the fishery, in the NAFO zone.