Canadian companies are frustrated because those Chinese companies show a loss here. They don't pay taxes like Canadian companies, so we're losing in multiple ways. They're also at a competitive advantage in their own market, with a significant disadvantage to the Canadian producer, which will ultimately have a negative impact on the purchase price that fishers receive.
Who is monitoring this particular practice?
More and more, there has been a huge and growing presence of Chinese-backed companies and money buying up east coast Canadian seafood processing companies. They can indirectly get into the licensed part through the processor they have, if they finance it. This is a serious issue.
In fact, I'll go to the issue of the Halifax live shipment terminal. It's now 100% owned by Chinese interests. They'll only serve their own interests. It's blocking out some of the Canadian companies.
Again, who is monitoring this?