I think the important point here is where Canada has not succeeded in the past is by commercializing intellectual property-backed products from Canada. While we do have registered intellectual property or patents that are recognized by the USPTO or the European Patent Office, those patents are held and owned by our Canadian legal entity, and we then commercialize them from here. I think that retention of intellectual property here and then the repatriation of the profits associated with it where the IP ownership resides is important.
That's not to say you need to give your distributors, or even owned distribution entities that are subsidiaries, a licence to sell to end-users, but if the core IP is owned here in Canada and the products are commercialized in Canada, that's the kind of IP ownership we're talking about when we talk about retention.
You're correct that only 3% of our revenues are in Canada, so 97% of our products are exported.
That intellectual property is one of the options, and I commend the efforts put behind developing a committee to study intellectual property and keep intellectual property in Canada. I think it is very important that Canada has an intellectual property strategy, so I would applaud the work that's being done towards developing that strategy for the long term in the economy of the 21st century.