Summary

Session 1 - Aquaculture

NAFF II – Day 2

What We Heard

Tier 1 & Tier 2 Meetings

Host Organization Tier 1 Meetings Tier 2 Meetings

AAEI – NAFF Meetings

Atlantic Policy Congress of

First Nations Chiefs

Charlottetown PE Port Hawkesbury NS Fredericton NB Listuguj QC Conne River NL

Moncton NB

First Nations Fisheries Council Courtenay BC Kamloops BC Masset BC Nanaimo BC Port Alberni BC Port Hardy BC Prince Rupert BC

Vancouver BC (with AAA)

Aboriginal Aquaculture Assoc’n Nanaimo BC Vancouver BC (with FNFC)

Assembly of First Nations Montreal QC Saskatoon SK Other Meetings

Aboriginal Aquaculture Assoc’n

Strategic Planning Sessions

Nanaimo BC (Dec 2011)

Waubetek Business

Development Corporation

Sudbury ON (Mar 2012) Sudbury ON (Sept 2012)

2

Access to Capital

Issues Discussed

Equity Gap – the comparative inability for a First Nation community or individual to attract investment capital for a commercial venture

• Inability to pledge real and personal property on-reserve as collateral

• Risk is widely perceived to be greater for First Nations ventures

3

Access to Capital

Some Suggested Solutions

Asset mapping will help to quantify "Aboriginal Equity“

Government agencies to pool resources for aboriginal aquaculture development and deliver through an AIMAP-like program

Establish an “Aboriginal Aquaculture Investment Tax Credit” for businesses and individuals who invest in aboriginal ventures

4

Environmental Management

Issues Discussed

Aquaculture must be sustainable • It must not compromise the quality of healthy and

productive ecosystems • It must be in tune with the social values of

regional communities and consumers • It must be internationally competitive

Three Inter-Related Components • Economic Prosperity • Environmental Protection • Social Well-Being

5

Environmental Management

Some Suggested Solutions

First Nations should be trained to provide routine environmental monitoring and inspection at aquaculture sites in First Nations territories

Broaden implementation of the APSA throughout the aquaculture sector • DFO and Provinces to make compliance with the

APSA a condition of licence • Compliance with the APSA could be a key

component of IBAs and partnership agreements 6

Aboriginal Principles for Sustainable Aquaculture

Elements of the APSA: • Third party certification program

developed by AAA • Transparency and First Nation

(Aboriginal) Inclusiveness • Social Responsibility • Environmental Responsibility • Economic Responsibility

Ahousaht First Nation & Mainstream Canada • First to receive certification

Aquaculture Session

NAFF II Summary Report to include regional summaries developed by the 4 co-hosts:

• APCFNC FNFC AFN AAA

Fundamental input toward creation of a strategic approach to aboriginal aquaculture development

Thank you for your interest and participation

Comments or Suggestions 8