Thank you for your question. I'm going to answer in English.
Global trade today, globalization, means that markets have become very integrated, and this is a concept that EDC has talked about: integrative trade. So in addition to export, for companies to be successful in their international endeavours, in many cases they have to invest abroad. That investment may be a result of gaining access to a country where you have to be in that country in order to be able to sell. It may be a question of being part of a global supply chain, where the principal owner of that global supply chain insists that you locate regionally with them in order to be a supplier. It may be that there are barriers to being able to gain entry into particular markets for which investment abroad is insisted. Finally, there may be cost factors associated with the overall cost of competing in a global supply chain for which a portion of one's overall product base is achieved through importation, as opposed to 100% being done in Canada.
So EDC's support for Canadian direct investment abroad is really with the intent of improving the competitiveness of Canadian companies, always with a view to looking at what benefit is derived back here in Canada. In fact, we have a Canadian benefits policy that governs all of our activities, so we evaluate transactions and determine the benefits that will ultimately be derived here in Canada.
On content, what is manufactured right here in Canada is an important part of that, but there are other aspects that can contribute to it. It could be research and development that's being done here; it could be gaining a world product mandate or helping a small business get into that market. So we are very concerned with not depleting jobs in Canada, but we also recognize that the way to grow jobs and competitiveness here in Canada is to have Canadian companies invested internationally so they have maximum access to markets, particularly emerging markets. These are the highest-growth markets.