Thank you.
Panama was promising the U.S. that it would sign a tax information exchange agreement for eight years. When it finally did sign that agreement with the American administration in November 2012, the agreement did not require Panama to automatically exchange information with American authorities on defrauders, money laundering activities or drug traffickers.
Mr. Castonguay, could you provide us with more information on the negotiations for a tax information exchange agreement? Will that agreement require Panama to exchange that kind of information automatically and, if so, how will it do that?