Fisheries committee  Yes.

Fisheries committee  Yes, it's an operating cost, and every time you have a tax exemption, it's a subsidy according to the WTO, because it's explicitly written. I would like to add another thing, please. When you discuss the subsidies in the WTO, you have to take the technical definitions, because sometimes economists for their own reasons take a very broad approach to what a subsidy is.

Fisheries committee  Excuse me. You know I didn't have the time to talk about it, but there is a second box—the box of subsidies that are not prohibited. There is leeway here, and there is some room to manoeuvre to help fishermen, but not in the way of the red box. It's important to have a look at the non-prohibited subsidies, because the goal of this box is to avoid the disaster you talk about.

Fisheries committee  Perhaps, if you want, I could tell you what is in the--

Fisheries committee  Of course it could be challenged, and the technique of the draft text is to pass the buck to the international organizations. You have the FAO--and you know it's a technique we already find in the law of the sea to say the international norms of something like the FAO.... Of course Canada--

Fisheries committee  No problem.

Fisheries committee  I will tell you about the fisheries subsidies negotiations that are currently underway within the World Trade Organization. I will be speaking in both French and English because the draft text that I have here is written in English. I have been told that there is a French version, but I have been unable to locate it.