The impact is huge. The seafood industry is one of the largest private sector employers in Atlantic Canada, particularly in Newfoundland and Labrador, mostly in rural communities.
When you go into a marketplace—and we're not unlike the pork industry in that sense, as the margins are very thin—and have a product you want to sell and someone says that the tariff on that, the extra tax that you're going to pay, is 10%, 15%, 20%, up to 47%, you're basically taken out of the game in terms of your volumes. That's been our challenge in South Korea.
As your colleague asked earlier, do we have the particular numbers on the species lines? I don't, but clearly we are prejudiced by high tariffs in a very discerning marketplace where there is a large, growing number of consumers, middle-class consumers, who can afford seafood and have high consumption rates.
I think the opportunities are great. If we double it even to $24 million, or we can triple it or quadruple it to $100 million, then we're talking big numbers. That's 10% of what we sell.