With respect to the second question, the share of the U.S. market in our total exports has decreased significantly. In goods trade it was, in the last ten years, reduced from something like 87% to something closer to 70%, or the low seventies. That's for two reasons. The first is the increase in the value of the Canadian dollar, which has regrettably made some of our exports less competitive in the U.S. market. The other part is due to the fact that we are making headway in respect to diversification of our markets. We have doubled our exports, tripled our exports in some cases, to Asia, to Latin America, and even to Europe. I say “even to Europe” because Europe is not a rapidly expanding market. It's a rich market in which we have a small share, and we can grow our share. Otherwise, the growth is in the rapidly expanding, emerging markets that we can all name.
So there's a good reason and a not-so-good reason for the growth of our markets and the decrease in our dependence on the U.S. market, which of course has always been Canada's blessing and curse. We are right next door to the world's biggest, richest market. They speak the same language, they have a system of law that we understand, on which we can rely. It's an easy market to deal with. But we're going to have to learn increasingly how to deal with others.
With respect to whether or not the border and the regulatory cooperation initiative is new, no, I suppose not, in the sense that there are always efforts to try to improve the efficiency of the border and regulatory cooperation. This is just the most recent. I would say, however, that when you have an initiative, particularly on the regulatory cooperation side, that has the kind of senior level--and I mean leaders--attention, it makes it easier to move the file forward.