Mr. Speaker, I appreciate the fact that the hon. member listened to at least part of my speech, but he obviously missed the beginning, when I addressed the question in some detail, even to the point of stating that I participated in a number of the stakeholder discussions at the time as parliamentary secretary to the minister for international trade. I can say that from the industry, the fishermen, and the unions as well, although the unions were being very careful, there was support to move away from the minimum processing standard in the province of Newfoundland and Labrador.
An agreement was reached that should Newfoundland and Labrador, because it is getting rid of the minimum processing standard, lose money in the fishery, there would be a fishery renewal fund, quarterbacked by the federal government and cost-shared with the province. The reality is that Newfoundland is going to make money by getting rid of a 20% tariff on its most important seafood products. It is going to have more money coming in, it is not going to lose money, and it is going to be more competitive, because it will have gotten rid of the trade-restrictive minimum processing standard.