Mr. Speaker, I listened to my hon. friend's speech with much interest. I have a question relating to the past question.
When we look at the documentation the Province of Newfoundland and Labrador has released, every single piece of correspondence from the federal government, when referencing this fund, says up to $400 million, cost-shared on a 70-30 basis. That is important. We have been consistent on that throughout.
I have in my hand letters from the St. John's Board of Trade, the Newfoundland and Labrador Employers' Council, and the Seafood Processors of Newfoundland and Labrador, and I could go on, all of them asking that we not throw out the baby with the bathwater. This agreement means too much to the province of Newfoundland and Labrador, and CETA will benefit the industry and the people immensely.
I wonder if the hon. member could remind us of some of the benefits of this agreement for the people of Newfoundland and Labrador.