Thank you, Mr. Chair.
Thank you very much, everybody, for being here.
I have to admit that I am one of the new ones. A lot of work has been done ahead of time on Panama, so you'll have to bear with me a bit.
I have two sets of questions, and depending on the time, maybe I'll use the second round.
The first set has to do with a request for an elaboration on the financial services piece of this.
Can someone elaborate on the distinction between investment in financial services as opposed to provision of financial services, and how that will benefit Canada? If I could get a bit of elaboration on that and the distinction between the two, that would be great.
Also, I would like a bit of commentary on the concerns that have been raised by a number of people about the tax haven question. That has come up a few times.
Then at some point, if there's enough time, I'd like to have some thought on the fact that we're engaging in these bilateral agreements. There's much more of a concern about relative competitiveness between the participants and the parties to the bilaterals.
Given that there's a Panama-U.S. free trade agreement, is there any commentary you can provide on the differences between that one and what we're signing and where we may still have some competitive disadvantages or advantages vis-à-vis the United States?
Those are a lot of big questions, but if you could focus on the financial services one first, that would be terrific.