Mr. Chair, what we are looking at here, the comprehensive element of this particular trade deal, is what I mentioned earlier, but the sub-national level is something that we have to be extremely careful about. However, there is no doubt about it. This trade deal, when it happens, and I do believe it will at the end of 2011 into 2012, is going to raise the bar in many respects. Even with agriculture, it is going to do that as well.
Investments is another thing, the protection of investments in nations.
I am not worried so much about the Germanys and the Englands, Great Britain as well as France. It is getting into the former eastern European nations, we have to look after our own businesses as they attempt to expand into Europe. That is something that we have to watch out for. An investment regime similar to chapter 11 in NAFTA is something that has to be discussed.
There have been problems with it, no doubt. Coming from Newfoundland and Labrador, we just went through a major issue on chapter 11, but at the same time, we have to provide the balance so that we become the principal beneficiaries of our own resources. Some of that may fly in the face of trade negotiations across the way, but we cannot turn our backs on any opportunity it provides for us.
I would love to get into one sector, very briefly, that is going to benefit in my province. The seal hunt, not so much, but there is an insatiable appetite for shrimp in western Europe right now and we have a tariff currently on our northern cold shrimp that is a punitive measure that we can erase. We can open up the shrimp market and provide value-added products from our shrimp into that particular market.
I appreciate the question. I wish I had more time because I could go on and on, but apparently I will not.