Certainly. Thank you.
Our colleagues in the United States have embarked on a very ambitious agenda by working with us through the Regulatory Cooperation Council to look at where greater alignment is possible, as well as to look at where approaches can be more reflective of today's environment.
If we look at the Food and Drugs Act and its regulations, we're talking about a piece of legislation and regulatory framework that's over 50 years old, and it simply didn't envision some of today's business practices. So that very prescriptive model that frankly hampers innovation—innovation that in fact might yield a more effective food safety outcome—is really what we're talking about in working with our partners in how we move forward.
If we look at our colleagues in Australia and New Zealand, who have introduced some very interesting approaches to oversight that really foster a stronger partnership between the regulated parties and the regulator in terms of delivering the outcomes, we're very interested in what we can learn from some of those best practices.
Colleagues in the European Union have embarked on modernization initiatives, so we don't believe that Canada can stand still and be successful in continuing to trade with those markets as they move their regulatory frameworks. We want to work closely with them. We want to learn from their best practices, and we want to share our best practices with them. That's the approach we've taken.