First of all, countries with large SOEs in their economy are looking to rationalize and to divest of the state in those enterprises. They are looking for more efficient ways to run their economies, and over time we will see a diminishing share of the state in economies such as Vietnam and in China. However, the SOEs are not going to go away, and in some sectors they are going to remain the dominant sector, the dominant player, both domestically and internationally.
This is particularly true of the oil and gas sector, where SOEs, as many of you know, control about 80% of the proven reserves in the world. Under those circumstances we have to work with SOEs. We cannot treat them as an outlier. We cannot treat them as an anomaly in the system. They are a normal part of the system, and we need to come up with ways to work with them for Canadian interests. We can regulate in the Canadian interests without discriminating against SOEs.