Thank you very much for the question.
I think if we broke it down into three buckets, it would help respond to your question. You have, in bucket one, research and development activities and investment, and in bucket two basically taking those new technologies and de-risking the risk of taking them to the marketplace, and then the last one is actually out there in the marketplace promoting them. Those are three buckets, I think, that are very important for us, which hopefully you see reflected in the submission.
People know us for the dimensional lumber we've made for the last hundred years. What we're really determined to do is to get people to know about the new forest products that we want to make—engineered wood products, much more sophisticated, much stronger than two-by-fours. As part of the partnerships we're asking for here this morning, we want to basically put these new forest products, their development and their export to overseas markets, on steroids. Those old forest products are great money-makers, but we want to make this transition to these new forest products and take these forest products to the markets.
For the overseas market development last year, I believe it was somewhere in the neighbourhood of $7 million of funding we received. Don't forget it's a partnership, so the industry is also putting up its own $7 million. It's sometimes referred to as 50¢ dollars. It's a partnership when you look at those investments.
With the uncertainty of our best trading partner to the south right now, going into Asia more deeply with these newer products that I'm talking about is more important than ever before. Also don't forget about using more wood, and this kind of goes to the bill that your colleague Mr. Cannings had great success with passing in the last session. We really believe that wood is part of the solution to the GHG challenge. Again, that's a great opportunity to get into those markets and help those countries reduce their greenhouse gases.