Mr. Speaker, I want to speak about Bill S-3, an act to amend the Coastal Fisheries Protection Act, which is a particularly important bill. It is designed to combat illegal fishing and to do so in the context of working with our international partners. This is important for Canadians from a number of perspectives.
Obviously, the fishery is of tremendous economic importance. There are many thousands of families that depend one way or another on the fishery. We have seen in past decades the havoc that can be wrought by foreign overfishing, which has seriously harmed our economy and undermined the fishery in terms of the cod fishery, for example, which has yet to fully recover from that. This makes it particularly important that we implement the measures included in this particular agreement.
It is from that perspective, the economic one, that it is important to the families involved in the fishery, but it is also important from a Canadian sovereignty perspective. This is a further way for us to properly assert our sovereignty over our resources and territory, and that is something I think Canadians support.
Finally, it is, of course, of greater and greater environmental significance. There is a broad recognition that the fisheries are somewhat at risk internationally. There are parts of the world where overfishing has been dramatic, and we have only a vague sense in some parts of the world of the potential impact. Canada can be proud of having been a leader in that regard by taking action to further prevent illegal overfishing and to allow proper management not just of our resource but of the very important natural ecosystem. That is what we are talking about here. It is very important legislation from an environmental perspective.
Economically, sovereignty-wise, and from the environmental perspective, this is a very important bill to support.