Quote:
Originally Posted by SignalHillHiker
Well, it's a $400 million investment by Ottawa in exchange for us giving up our minimum processing requirements, which I understand have been important for the fishery here. It's a way to prevent us from being some third world place where big players come in and extract resources with little or no benefit to us, and a way to ensure we get some of the far more lucrative secondary processing action.
We're giving up that right in exchange for a one-time payment of $400 million, of which we're actually contributing 30% ourselves. We're only getting $280 million from Ottawa.
|
The Maritimes don't have minimum processing requirements and fishers are able to get more money there when selling raw products than in NL. The MPRs are only eliminated for the EU and it's not believed by the government or the FFAW that they can compete with NL fish plants when it comes to processing due to costs.
Threaded Mode