As far as we're aware, the subsidy in the industry in Korea has been as high as 30%. It could be higher in other areas. The massive amount of money the government has put into this industry in Korea in the last seven or eight decades is the difference when we look at Korea.
If we look at the United States, they have the Jones Act. If you look at EFTA, they have been supported all the way through. The European nations have supported their industry. Every maritime nation in the world has protected its industry, except Canada.
We're saying that if we're going to sign these agreements.... I'm not in disagreement with other people around the table that these agreements will have to be signed one day, but before we do that, we need to look at the industries we have that are going to be hurt. Is there a way to protect them, and is there a way to do something that takes them into the future? We believe that there is, and we believe that this is a strategic industry.
We disagree strongly with what John Manley said during all the years he was industry minister, which was that this is a sunset industry. It's not. It's a sunrise industry. All it needs is the conviction of the politicians in Ottawa to come together with the industry to make this industry move forward.