Thank you, Mr. Chairman.
I will begin with a question and if there's time, I will pass it on to my colleague, Mr. Ravignat.
Thank you very much for being here to talk to us about what I think could be characterized as a very exciting but also a very challenging opportunity. There are all kinds of issues around Brazil, not just with the history, with Bombardier and other issues. There is the complexity of their tax system. They're fairly protectionist, with a six percent tax on foreign capital, and so on and so forth. There's also their tie with the Mercosur trade alliance, which is pretty significant. I understand that Mr. McDougall could talk to that.
I would like to have some understanding of what our realistic hope is of moving this file forward any time in the near future.