Thank you, and I welcome our witnesses.
I have a couple of quick questions on EFTA.
I think the discussion about shipbuilding is important. It has certainly been one of the contentious issues in the EFTA agreement. What we seldom hear in the discussion is the fact that for many years Canada had an overcapacity in shipbuilding. Some of that overcapacity is gone now, but that certainly affected the industry. Of course that was compounded by the fact that much of our foreign competition--in particular, Norway--had certainly subsidized their industry.
So I think we need a little bit of an update, because there have been significant changes both in Canada--there's not nearly as much overcapacity as there was ten years ago--and in Norway. I think it's been three or four years now since the Norwegian subsidy system was removed.
That's my first question.