Thank you, Mr. Chairman, and welcome to the witnesses.
I'm going to be splitting my time with Mr. Holder, so I'm going to try to save some time for him.
This is a very exciting discussion here this morning. I was in Brazil, both in Rio and Sao Paolo, two years ago, and the Brazilian economy was booming even in these difficult times. They have some challenges, which we all recognize, especially on security and crime.
There is one thing that wasn't mentioned here. He did mention the FIFA soccer championship coming up, and the Olympics in 2016, but there's a huge investment being made in Brazil in their offshore oil field. We know they're expecting to spend $200 billion in the next, I think, two decades in the offshore. They can't produce the pipe. They can't buy the pipe. They can't put the pipelines in. They can't supply the rigs. They know this is a tremendous investment and there's a great opportunity there for Canadian expertise in the oil industry, both upstream and downstream.
Could you touch on that and the potential of that type of development and investment by Canadian companies for encouraging and promoting trade between Canada and Brazil? How can that help with things like trying to negotiate a closer trading agreement, whether a free trade agreement or whatever context it takes?