Mr. Speaker, the Government of the Northwest Territories has made a commitment in its mandate to finalize and implement the Commercial Fishery Revitalization Strategy. I would like to share with Members of this Assembly, the work the Department of Industry, Tourism and Investment is doing to revitalize the Northwest Territories’ commercial fishery and broaden the NWT’s economic horizons. I look forward to sharing and discussing the revitalization strategy with Members in detail but would like, today, to provide a high-level outline of how our collaborative approach aims to jumpstart commercial fishing in the Northwest Territories. Mr. Speaker, this Strategy is built on four pillars: increasing lake production, building processing capacity, growing the Northwest Territories market, and accessing export markets. These will guide the tactics of industry and government stakeholders moving forward. Increasing lake production will focus on support for re-establishing the winter fishery and incentives to increase participation in the fishery. There will be collaboration among stakeholders to assess and implement the price structures necessary to attract and retain talent in the fishery across all seasons in the Northwest Territories. Mr. Speaker, building processing capacity is also essential to success as local processors in Hay River and Yellowknife are already operating close to maximum-capacity and servicing only 15 per cent of the Northwest Territories’ potential market. We will focus on collaborating with our federal partners to fund a processing plant in Hay River with the capacity to process large custom orders, hold product for up to six-weeks, and meet Inspection Act requirements to appeal to large retailers. There will be consistent work with the Freshwater Fish Marketing Corporation to develop appropriate supply-chain measures to support the viability of processing operations in the territory. Growing our local market goes hand-in-hand with increasing processing and harvesting capacity. This strategy identifies a target of 230,000 kilograms for the Northwest Territories’ market, a target which current production capabilities cannot fulfill. The strategy outlines options for industry and government to achieve our ambitions. Mr. Speaker, accessing export markets will be essential to bringing our commercial fisheries to the next level. It will require all stakeholders to do their parts in optimizing and aligning processing and production cycles. Discussions between the Freshwater Fish Marketing Corporation and the Department of Industry, Tourism and Investment to find the most feasible way forward in these pursuits have already begun. We will be working with fishing co-operatives already doing great work here to ensure their interests are well-represented in the process. With smart development, careful management, and strategic partnerships, our world-class fish stock has the potential to provide significant employment opportunities and revenues to entrepreneurs and individuals within our territory. We as a government have a duty to act on these kinds of opportunities. At a time where our constituents’ desire for a more diverse economy has seldom been stronger, the Department of Industry, Tourism and Investment is pleased to be doing its part in making growth in this renewable resource-based industry a reality. Thank you, Mr. Speaker.
