Mr. Speaker, I have to report on a meeting that took place in St. Petersburg two weeks ago. It was a very important meeting to us because of reasons everyone in this House will be familiar with, related to the importance of the fishery to Canada.
There were three points that were achieved through careful negotiation and a lot of homework. The first is that Canada will control the total allowable catch when the fish recovers in NAFO area 2J 3KL, which is adjacent to Canada's coast. The second is that the amount of total allowable catch for a NAFO non-Canadian will be restricted to 5 per cent. The third is that a dispute settling mechanism will be allowed to look at the difficulties we have experienced in the past.
These measures and the continuation of Bill C-29 will ensure that the uncontrolled fishing that has taken place in the past will cease.