Mr. Speaker, the groundfish stocks, especially various varieties of flounder, show signs of rebuilding on the Newfoundland Grand Banks. However, constant overfishing by foreigners on the nose and tail is playing havoc with those stocks.
Allowing foreigners to fish shrimp on the Flemish Cap gives them the opportunity to flood the European markets with cooked and peeled shrimp while our producers face a 20% tariff on product going into the same market.
The nose and tail of the Grand Banks and the Flemish Cap are extensions of Canada's continental shelf. It is time for Canada to extend management control over the nose and tail of the Grand Banks and the Flemish Cap to protect our resources, our jobs and our people's interests. Let us show some leadership for a change.
Mr. Speaker, may I wish you and my colleagues a very happy Christmas and a happy and productive New Year.