Canada and France already denied Emirates request to increase service to Paris and Toronto (or Montreal, I can't remember). It was in the news the last couple of years.
We are going through some "interesting" times. I think the big danger is that NAI's flag of convenience scheme gets validated. Everyone will rush to that model.
The only good thing is that they can't train a bunch of 3rd world pilots overnight to replace us. It will be us that they hire. What happened to the shipping industry won't necessarily happen to our jobs.
You can train a deck hand in two weeks. Us, not so much.
There is nothing that we can do about it but sit back and watch.