Thank you, Mr. Chair.
Thank you to both of you gentlemen. This is exactly what this committee is looking for, is this type of input. We've been trying to analyze what should be a go-forward position for Canada, a successful go-forward position. I think everyone in this room knows full well that we're an exporting nation, and if we don't take advantage of what God has given us, then we deserve to fail. So it's this encouragement that these papers of yours are bringing to us, and I hope we can.... I have to admit, I haven't read it all myself. It's a long read. I need a long airplane ride to be able to read all of this.
There are some highlights in it that I would like to.... Rather than your listening to me talk, I would rather have you explain this integrative trade strategy that you spoke about when we met last fall. You said that countries specialize in what they produce best through firms shifting elements of production globally, resulting in greater overall wealth. I would like you to elaborate on that. You talk about not only “outward foreign direct investment”, but “inward forward direction”, and how that can advantage Canada. Can you elaborate on that for us please?