On your second question about free trade, the recent suspension of the Doha Round of the WTO is certainly disappointing to our industry. We're now faced with finding alternative means to advance market access and fulfill our global growth strategy as a country. Canada must rapidly pick up the pace in negotiating the new bilateral free trade agreements. Negotiating some of those with Asian trading partners would be a very good idea.
Your third question was, where did we get with previous governments on the whole issue of regulatory reform? That issue has always been on a distant back burner with governments generally. We had a bit of traction with the last government because of the External Advisory Committee on Smart Regulation report. This was a sort of confluence of the OECD coming out and saying Canada is a great place to do business. However, we're getting to the point now where Canada needs to look very closely at whether or not the regulatory frameworks it has set up, which in some cases are fifty or sixty years old, are actually hindering Canada's competitiveness. That was the OECD in 2004.
At that point the External Advisory Committee on Smart Regulation was set up, which was a non-partisan committee. They reported back with a fairly fulsome report calling for regulatory reform and an overhaul of regulatory framework. That's as far as we've gone.