Thank you very much again.
Indeed, we firmly believe that a policy of trade, of course, is one that helps strengthen all other aspects of government and society. That's precisely why our administration is so committed to having Panama look at the world and at other trade partners around the world, like Canada.
In terms of education, of course it has an impact. This government is particularly interested in engaging with partners around the world to help us improve the level of education of our youth. Again, Panama, as a hub, has to look at things like technology, at things like logistical trade efficiency. We are not a country that would engage in trade by looking at cheap labour or by just wiping out our rainforest and the biodiversity that we have. We have the highest salaries in the region; we are actually an expensive country when it comes to that. So it is in our interest that other trade partners engage in faithful trade in this matter.
For this opportunity, Panama is investing in education, with projects like City of Knowledge. City of Knowledge is a very beautiful project, our international project. It is one of the largest former U.S. bases that has been turned into a large area where we have, to date, had very prominent universities from all over the world giving master's degrees, conducting research, and engaging with UN agencies—which have actually looked at Panama to locate their regional offices. So Panama is also becoming this little Geneva, if you wish, of Latin America, because of this concept of higher education and higher standards for cooperation. That's where we think there is great opportunity for Canadian universities and research institutes.
If you look at the trend, you would be surprised that there are a lot of young Panamanian professionals who are actually considering Canada, rather than the U.S., when it comes to looking at higher education, master's degrees, Ph.D.s, and so on. This is something that our ministry of education and our secretariat for technology and science are very much ready for and very interested in taking opportunities offered to approach these countries and promote that. We have done that with other countries as well, like Singapore, for example.