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Speaking Notes for
Honourable Tom Rideout
Minister of Fisheries and Aquaculture
and Deputy Premier


Address to the
Canadian Farmed Seafood Summit 2006


Fairmont Algonquin
St. Andrew�s, New Brunswick
7:00 p.m.
June 15, 2006


  • Thank you, Nell.
     

  • Good evening ladies and gentlemen, Ministers Hearn and Aylward, board members and chair of the Canadian Aquaculture Industry Alliance, senior officials from the Government of Canada and provincial governments from across the country and industry representatives nationwide.
     

  • I would like to begin by extending my sincere appreciation to Mr. Dave Rideout, Executive Director of the Canadian Aquaculture Industry Alliance, for your kind invitation to the Government of Newfoundland and Labrador to speak to this extremely important aquaculture summit.
     

  • Unfortunately, Premier Williams could not be here this evening. He sends his regrets and best wishes. Aquaculture development is certainly a key issue for our Premier and our government as a whole. So it gives me a great deal of pleasure to be here on his behalf tonight.
     

  • It is also a pleasure to be back in the beautiful province of New Brunswick, which some have called the aquaculture capital of Atlantic Canada.
     

  • This summit, in this province at this time has certainly been a great opportunity to interact with members of the aquaculture sector from across our great nation and discuss issues pertaining to this increasingly important and vital part of our seafood sector.
     

  • Only a few months ago Cooke Aquaculture provided myself and my Deputy Minister with the opportunity to fly over this beautiful province to view the great things that are happening in New Brunswick�s aquaculture sector. I must say that I was very impressed with what I saw at that time.
     

  • Indeed, as I travel around New Brunswick and hear about and see the tremendous growth of the aquaculture sector in this province, I can definitely see the opportunities that present themselves within this incredible industry.
     

  • Some of you may remember that I also occupied my current portfolio from 1985 to 1989. One of the things that strikes me since returning to the department last November is the prominent role that aquaculture has come to play within the seafood sector as a whole. But I was also struck by the critical role that aquaculture must play in economic and business development in rural regions of my province and our country.
     

  • The world is becoming increasingly urbanized and there are precious few development opportunities left for rural areas. However, aquaculture in particular is a shining star in the prospects for rural development. In fact, it has been determined that each job on a fish farm provides an additional 4 to 5 jobs in aquaculture processing and the supply and service sectors.
     

  • That is why this summit is so important. At this point in the development of the aquaculture sector, it is critical to bring together members of the aquaculture industry from across the country.
     

  • It is important that we share information of best practices and lessons learned so that we can all move forward together in developing our respective areas and building recognition for the sector as a whole.
     

  • Furthermore, this summit highlights the importance of the industry on the national scene and demonstrates Canada�s true potential to become the most prominent producer of farmed seafood worldwide.
     

  • To that end, I offer my sincere congratulations to the Canadian Aquaculture Industry Alliance for organizing this conference and I commend you for continuing to be a very strong national and international voice for the aquaculture sector in Canada.
     

  • You do a tremendous job in representing all aquaculture products throughout this nation, from the mussels and salmonids of Newfoundland and Labrador to the clams and oysters of British Columbia.
     

  • Unfortunately, conferences on aquaculture haven�t always been as prominent or as common as they are today. As I mentioned earlier, I was the Minister of Fisheries for Newfoundland and Labrador two decades ago.
     

  • Consequently, I can attest to the first hand growth of the aquaculture sector and the increased recognition that has come to the sector during that time.
     

  • Twenty years ago my title wasn�t Minister of Fisheries and Aquaculture. It was Minister of Fisheries. Aquaculture wasn�t even a branch of the department until it was established during my time in the fisheries portfolio in the 1980s.
     

  • Furthermore, our provincial Aquaculture Act was introduced in our provincial legislature in 1987, also during my time in the department. But what a difference twenty years can make.
     

  • The increased profile of the aquaculture sector became particularly apparent to me during my recent visit to the International Boston Seafood Show. I was amazed with the representation from aquaculture companies at North America�s most prominent seafood event.
     

  • It is becoming more and more clear that the world�s seafood processing sector is increasingly reliant on aquaculture products.
     

  • But it is certainly true that for many years, the aquaculture industry didn�t receive the recognition it deserved.
     

  • But now it is clear that aquaculture is an idea whose time has finally come in Newfoundland and Labrador, Atlantic Canada, and indeed the world.
     

  • And nowhere is this more evident than here in New Brunswick.
     

  • This province has seized the opportunities available in the aquaculture sector and you have become the flagship of the industry in Canada. So it is quite appropriate that this summit is being held right here in New Brunswick.
     

  • The province has taken a lead role in demonstrating to the world that Atlantic Canada is a great place to be involved in the aquaculture business.
     

  • I am pleased to say that right now in Newfoundland and Labrador we are actively working to develop the aquaculture potential and follow in the footsteps of New Brunswick.
     

  • Right now in Newfoundland and Labrador there are over 50 companies performing salmonid and shellfish aquaculture operations, and these companies are currently occupying over 150 sites.
     

  • Salmonid aquaculture is steadily expanding with the involvement of local, national and international companies and there is continued interest from external companies in establishing in our province.
     

  • The salmonid aquaculture sector reached a production level of over 5,000 MT in 2005, for a value of approximately $27 million of product.
     

  • Mussel aquaculture is also steadily expanding and it is one of the core commercial species targeted for expansion. In 2005, mussel production reached 3,157 MT for a value of over $7 million.
     

  • We have certainly demonstrated the sustainability of the aquaculture sector in Newfoundland and Labrador. For instance, the St. Alban�s region on the province�s Connaigre Peninsula has become a major centre for aquaculture, with facilities producing aquaculture products year round.
     

  • These products supply a fish processing facility and create secondary processing jobs year round. This is happening at a time when wild water fish quotas are being cut and our province continues to recover from the impacts of the northern cod moratorium.
     

  • Some might say that it is in the St. Alban�s region where fish growing began in Newfoundland and Labrador. Aquaculture activity in this community has kept over 200 individuals employed year round.
     

  • Without question, the success story of St. Alban�s illustrates the true potential of this industry in our province, and bodes well for other areas of rural Newfoundland and Labrador, and for Atlantic Canada as a whole. However, this is only the beginning of the story.
     

  • Indeed, with the aquaculture sector having reached an enormous stage already in New Brunswick, and with provinces such as Newfoundland and Labrador moving quickly forward with aquaculture, we in Atlantic Canada have a massive opportunity to do something big collectively in this sector.
     

  • Aquaculture is good for Newfoundland and Labrador, for New Brunswick, for PEI, for Nova Scotia, for Quebec and for Atlantic Canada as a whole. It is good for coastal areas throughout Canada and the world.
     

  • We have the opportunity to compete with the likes of Chile and Norway in the global marketplace, with products that are second to none.
     

  • Atlantic Canada is at the doorstep of one of the largest seafood markets in the world, that being the United States. This proximity is particularly clear right here in St. Andrew�s, as we can look across the harbour to Maine.
     

  • Much of the aquaculture product grown in Newfoundland and Labrador is already being exported into this market. We send the majority of our mussels and salmon into the Northeastern United States. These important international trading relationships are already established.
     

  • Newfoundland and Labrador is the gateway to Europe and indeed we are already exporting some aquaculture products to Europe.
     

  • The cooperation of Atlantic Canadian provinces in moving forward can be instrumental in reaching this region�s full potential. I am here to tell you tonight that our government is fully willing to work with the other Atlantic Canadian provinces in moving the aquaculture sector forward.
     

  • We believe this makes sense. It�s a good strategy and it can work to the benefit of the region as a whole.
     

  • Our respective governments have had many successes to date in this area. For example, the Government of Newfoundland and Labrador and the Government of New Brunswick are both working on various aspects of a Cod Genomics Program.
     

  • In fact, half of this work is being completed at Memorial University in Newfoundland while the remainder is being performed right here in St. Andrew�s at the Huntsman Marine Laboratory.
     

  • This is a very important program that will establish Atlantic Canada as world leader in cod genomics, and also in the application of genomics technologies to aquaculture. It will bring about very significant economic benefits throughout our region, as we believe that cultured cod will become the next great aquaculture export for our region.
     

  • As well, the Atlantic provinces have cooperated on a joint submission to the federal government on the importance of the aquaculture industry to eastern Canada, as well as its challenges and opportunities.
     

  • Last November, ministers responsible for aquaculture from the four Atlantic provinces, together with representatives of Quebec and British Columbia traveled to Ottawa for meetings with MPs of all three political parties to further promote the potential and importance of the industry as a vital part of our seafood sector and a key economic driver for our rural and coastal communities.
     

  • As we move forward we have the potential to turn this cooperation into something massive for aquaculture development throughout our great country.
     

  • And development is happening. In Newfoundland and Labrador, we have seen renewed interest by investors in our aquaculture industry. Two Norwegian companies have invested in our province in the past two years.
     

  • Our traditional seafood processors have also begun to view the aquaculture sector as a great way to expand their existing seafood interests. This is true of the Barry Group, one of Canada�s most prominent seafood processing companies. Similarly, Allen�s Fisheries, a processing company on the province�s west coast, has expanded its operations to include the processing of mussels. Traditionally, this company was only engaged in the processing of wild fish.
     

  • Both companies have made tremendous contributions to the aquaculture sector.
     

  • Cooke Aquaculture Inc. of New Brunswick is a further example of the renewed interest in our province�s aquaculture opportunities and what we can accomplish when we work cooperatively.
     

  • Our government has entered into discussions with this company regarding potential aquaculture operations in Newfoundland and Labrador.
     

  • We feel that there are great opportunities in our province for the company and they have expressed a deep interest in pursuing aquaculture development in Newfoundland and Labrador.
     

  • In fact, the company has already begun to set up some operations on the Connaigre Peninsula as they have been approved for nine licenses in the Fortune Bay area, a major coastal area in our province.
     

  • This has been an extremely positive thing for our province at a time when we are fighting the tide of out-migration.
     

  • Based on our discussions with Cooke and our positive experiences in aquaculture to date, I would now like to take this opportunity to say that Newfoundland and Labrador is certainly open for business in the aquaculture sector.
     

  • While I mentioned earlier that over 50 companies currently occupy over 150 sites in Newfoundland and Labrador, less than 10 per cent of our province�s potential aquaculture space is currently being utilized.
     

  • Right now, Newfoundland and Labrador has some of the last remaining areas available for aquaculture development in Eastern Canada. Aquaculture potential is indeed the best kept secret in our province. In fact, it is almost impossible to put into words how much potential aquaculture development holds for Newfoundland and Labrador.
     

  • So to the aquaculture developers in the audience tonight, we welcome you to our province, and we are willing to work with any company wishing to discuss potential aquaculture operations in Newfoundland and Labrador.
     

  • I also extend an invitation to any investor to visit our province to see what we have to offer. I guarantee you, you won�t be disappointed.
     

  • In order to put our money where our sentiment is, in Budget 2006 our government allocated a full $5.94 million for aquaculture. This represented an increase of approximately 230 per cent over our budget for aquaculture last year.
     

  • In recognition of the fact that new capital investment is required to further progress the aquaculture sector, key among our investments was the establishment of Aquaculture Capital Equity Investment Program to foster the development of aquaculture in Newfoundland and Labrador.
     

  • Under this program, $10 million will be provided over three years to companies farming mussels and/or finfish species.
     

  • This program will assist in increasing the production of commercial aquaculture products in the province, thereby increasing employment and spin-off opportunities in the processing, manufacturing, supply and service sectors.
     

  • In fact, it is estimated that 150 full-time jobs will be added to the industry within the next two years.
     

  • The program will provide a matching equity investment in new and existing farm operations. This will support the establishment of new operations. It will also enable the purchase of equipment and other capital assets to boost production capacity and enable rapid expansion of the industry.
     

  • Newfoundland and Labrador has proven its reputation as a leader in this industry. For example, our government recognizes that cod is developing as a major farm species in the North Atlantic. It is a high priority in Newfoundland and Labrador and has a significant level of potential for rural communities throughout Atlantic Canada.
     

  • We have the technology, expertise and the right biophysical conditions to take advantage of this
    opportunity, and our government is doing everything possible to assist in its further development.
     

  • We have already completed a review of the commercialization of cod aquaculture and have developed a business plan for a commercial-scale cod aquaculture demonstration farm.
     

  • We believe that our province and all of Atlantic Canada has many competitive advantages to make us an international leader in cod aquaculture. This is the time now when we must take the next step to commercialize the industry through the establishment of a demonstration farm.
     

  • Our government has invested $500,000 to help further the progress of this initiative, and we will match this investment over the next three years, for a total of $2 million.
     

  • Furthermore, the Co-chair of the Aquaculture Task Group of the Canadian Council of Fisheries and Aquaculture Ministers, Brian Meaney, hails from our province and this group has been actively pursuing the concept of an Aquaculture Framework Agreement.
     

  • Brian is here with me this week and he has been with our province�s aquaculture branch since my tenure in the department in the 1980s. He is our Assistant Deputy Minister of aquaculture now and I am sure that anyone interested in pursuing aquaculture development in our province will find him quite helpful.
     

  • And with that, I would like to stress the importance of continued cooperation between all provinces in this region. We must continue to impress upon the federal government the importance of this industry and all initiatives that will have a hand in moving it forward.
     

  • For example, an Aquaculture Framework Agreement will provide funding at the federal level for the purpose of development, among other very significant initiatives. Together with my colleagues from across this country, we have committed to work with the federal government to see the Aquaculture Framework Agreement become a reality as soon as possible.
     

  • Our Premier has promoted this initiative at the national level by naming it as a high priority for Newfoundland and Labrador in a letter to the three federal party leaders prior to the last federal election. And we must all continue to lobby the federal government on important issues related to aquaculture.
     

  • We all have a role to play.
     

  • In closing, I would like to congratulate the Canadian Aquaculture Industry Alliance for organizing a tremendous event and thank you for the very kind invitation to speak to you here this evening.
     

  • It is clear that we all have the same overall goals for aquaculture, and that is to see it gain recognition as the flagship sector that we in this room all know that it has the potential to become. I look forward to working with industry and our provincial and federal partners to have this vision fully realized.
     

  • Thank you again and I wish you all the best in the future.


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