I'd like to apologize to the witnesses for my tardiness. As Mr. MacPherson knows, travelling from British Columbia to Ottawa sometimes means that we arrive late. I'm sorry if you might have to repeat your presentations to a certain extent.
Mr. MacPherson, I'd like to start with you. You may have covered this in your presentation. If so, I apologize. I'd like you set out what you think the impact of the current configuration of the Canada-South Korea trade agreement would be on shipbuilding and on the ship maintenance industry in British Columbia.