There's no question on what's happening. Whether you have the CETA deal or whatever, the industry in Newfoundland and Labrador has significant problems, and you know that. There was that major study which identified that 30% of the harvesting vessels were not profitable, and 40% of the processing plants were not profitable. Basically, that report is there, so there's no question there has to be consolidation. There's no question that a number of those plants and those communities around Newfoundland are going to evaporate.
Now, the effort, I think, in terms of this funding is basically to help that transition. Those plants now are very much populated by people who are 45, 55, 65 years of age. There's some intent, if you will, hopefully to transition those people and those communities in terms of just the evolution in terms of the fisheries and things of that nature.
Whether CETA came in or not, that was going to happen. What CETA may do is, if we don't restructure ourselves to see the opportunities, we may lose some opportunities. It may accelerate people to say that we have an opportunity here and we're going to have to work more collaboratively. We're going to have to have better communications, better working together among the harvesters, the unions, and the processors. That is what we hope will happen.
That in itself, the evolution of that type of approach, will mean that companies, the Barry Group, maybe will start looking at it with collaborations and so forth.
That is what we see happening. Now, bottom line, CETA may be pivotal in making that thing go forward. In our view, and I think in the view of the fishing industry, and also it's the view for Newfoundland and Labrador, that's a good thing. You're either going to move forward or you're going to be swept away.