Mr. Speaker, our trade agreement with the European Union is a remarkable opportunity for Canadians to enjoy unprecedented market access to 500 million affluent consumers. It opens up a fish and seafood market worth $25 billion a year. It is the largest market of its kind in the world. We know that Atlantic Canadians will be major beneficiaries of these new market opportunities.
In the meantime, our discussions with Newfoundland and Labrador to assist them in transitioning out of minimum processing requirements are ongoing.