The Canadian Aquaculture Industry Alliance has welcomed a new report by Canadian Finance Minister Bill Morneau's Advisory Council on Economic Growth and its recommendation for sustainable aquaculture growth in Canada as well as a new federal Canadian Aquaculture Act.
The council recommends a robust new Canadian agri-food strategy that includes a "forward-looking Canadian Aquaculture Act, combined with an economic development strategy, that reforms ill-adapted traditional fisheries regulations for this emerging subsector to create opportunities for provincial, regional and aboriginal stakeholders to pursue if they choose."
The minister of finance established the Advisory Council on Economic Growth -- chaired by Dominic Barton, global managing partner of McKinsey & Co. -- to develop advice on concrete policy actions to help create strong and sustained long-term economic growth.
In its report, the council recommends that Canada increase its global aquaculture market share to 0.6% (from 0.2%) and boost exports by almost $2.6 billion (U.S.).
"Today, the finance minister's economic council laid out a responsible and sustainable goal for aquaculture in Canada, and we are committed to working with all stakeholders to seize this unique opportunity," Canadian Aquaculture Industry Alliance executive director Ruth Salmon said. "Working together, we can continue to produce fresh, healthy and sustainable farmed seafood and create new jobs and opportunity across Canada."
Aquaculture is among the fastest-growing food sectors in the world, accounting for nearly 50% of the world's total fish production.
A full copy of the economic report is available at www.budget.gc.ca/aceg-ccce/home-accueil-en.html.