Well, we're getting rid of some tariffs on machinery and processing equipment. This will help create jobs. It helps make productivity gains more achievable for Canadian businesses that import a lot of machinery and equipment, whether it's from Europe or from the United States.
It also shows leadership. We have a protectionism issue now around the world. There's a great temptation for politicians to act in a protectionist way because it's quickly popular in the short term—regrettable, ill-advised, but quickly popular--to say only buy goods in one's own country, for example. We've had that discussion, obviously, with our American neighbours, given the stimulus package that's been brought forth in the United States, making clear that our international agreements will be honoured and making sure that everyone is sensitive to the inadvisability of protectionist measures. We had these discussions at some length at the G7 finance ministers' meeting in Rome a little over a week ago as well.
Canada, as with our banking system, with this measure on reducing tariffs again shows leadership. We show that not only do we believe in open markets and that we are against protectionism, but we are in fact taking steps to reduce tariffs now and to eliminate tariffs at a time when some countries are inclined toward protectionist measures.