At last there comes respite from the global collapse of lobster prices in Canada as the government announced its new economic action plan. Harper Government mentioned that under the plan fishers and their families who have been hit by the global collapse in lobster prices will receive targeted short term support to make ends meet while working on ensuring a sustainable and viable lobster industry in the future.
Minister of Fisheries and Oceans, Gail Shea announced that the Harper Government is going to make a $65 million investment to help fishers in the Atlantic lobster industry adapt to the extraordinary market conditions created by the global recession. She told that the government has sympathy for the affected fishers and families whose livelihoods depend on the lobster industry.
Minister Shea informed that these short term measures will allow them to work with the industry to ensure a sustainable, self-reliant and flexible lobster sector for years to come. Communities in Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland & Labrador and Quebec will benefit from today’s announcement.
It is said that these short term measures will assist qualified low-income harvesters severely harmed by the collapse in market demand for their products due to the global recession. The announcement by the Minister also invests $50 million in Atlantic Lobster Sustainability Measures to support those in the industry who develop and implement long-term sustainability plans.
