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Fisheries and Aquaculture
November 8, 2007

Provincial Government Moves Forward with Fishing Industry Renewal Strategy

Today the Provincial Government provided an update on how it has been actively moving forward with provincial initiatives outlined in the Fishing Industry Renewal Strategy. Following an extensive consultation process, the Federal and Provincial Governments announced in April of this year the Fishing Industry Renewal Strategy, including a number of new policy initiatives and investments to make the fishery more economically viable and internationally competitive. The Provincial Government�s total undertaking in relation to this strategy is an estimated $140 million.

"A great deal of progress has been made on the provincial aspects of the Fishing Industry Renewal Strategy that will strengthen the province�s fishery and lead to a self-sustaining and stable industry," said the Honourable Tom Rideout, Minister of Fisheries and Aquaculture. "I recently met with federal Minister Loyola Hearn and I am pleased to report that progress is being made at the federal level that will also bring positive change for the Newfoundland and Labrador fishery."

The Provincial Government has established a Seafood Market Review Panel that will carry out a comprehensive analysis of the options for establishing a seafood marketing council, including identification of key marketing challenges, as well as approaches for addressing the challenges and determining options for the mandate and administrative operation of the council. A total of $3 million has been allocated for this initiative over three years.

The Department of Fisheries and Aquaculture is also in the process of working with the Fish Harvesters Resource Centre to establish a voluntary pilot fish auction. It is expected that an independent auction house will be established with a board of directors who will finalize the specifics of how the auction will operate. The board will include representation from both the harvesting and processing sectors, while Provincial Government representatives will act as advisors to the board. A total of $1.5 million has been allocated for this initiative over a three-year period.

The Provincial Government has also been moving forward on Occupational Health and Safety in the fishery. Preliminary analysis has been completed on safety issues in the Newfoundland and Labrador fishing industry. The province is pursuing the establishment of a Fishing Industry Safety Council. The focus of the council will be research, education and training. A total of $750,000 has been allocated for this initiative over a three-year period.

The Provincial Government has established a new fisheries research and development program entitled the Fisheries Innovation and New Technologies Program at a cost of $6 million over three years.

Changes have also been made to the Fisheries Loan Guarantee Program, as was promised when the Federal and Provincial Governments made the announcement last April. The enhanced loan guarantee program could require an additional $100 million in loan guarantees from the province.

"Our government continues to work with the Federal Government and chartered banks on the issues of using licences as security and the financing of combining licences," said the minister. "I am aware that efforts are being made on the part of the Federal Government in this area and I have been assured that we can anticipate a resolution to these matters in the near future."

A total of $2,550,000 over a three-year period has been allocated for fisheries workforce adjustment. This program is designed to assist displaced workers in the event of a permanent fish plant closure.

"When we announced the Fishing Industry Renewal Strategy earlier this year, we said that we envisioned a rational, self-sustaining and stable fishery that could engage and attract young workers," said the minister. "At the same time, we wanted to enable those with a long-term attachment to the industry to have an opportunity to continue their careers. These are still our goals. Bringing stability to communities that depend on the fishery is a priority for our government. The Fishing Industry Renewal Strategy will enable us to do that," said the minister.

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Media contact:
Lori Lee Oates
Director of Communications
Department of Fisheries and Aquaculture
709-729-3733,
690-8403
oatesll@gov.nl.ca

2007 11 08                                               12:50 p.m.


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