Thank you, Mr. Davies.
I think you raise an important point, in that when we're talking about digital businesses and conducting business online, we are talking about services trade and we're talking about the transmission of data between countries, between communities, and between a consumer and a business. It's vitally important when we look at trade agreements, whether bilateral, say, with Korea or with India, or much broader trade agreements like the Trans-Pacific Partnership, that there's a very close eye and attention paid to the concept of data flows and the ability to use Canada's flexible regulatory framework around data protection and e-commerce legislation, and to ensuring that's replicated in other countries so that Canadian businesses that are comfortable with the domestic regulatory framework know they're working with a similar framework elsewhere in the world.
This is somewhere where we've seen hiccups and complications develop, especially as you're in an economy where countries try to develop domestic economies through some form of nationalism, some form of data sovereignty. It's a point that we need to concentrate upon, especially as we look at services trade being redefined within a world where the increasing amounts of data in that trade are conducted in a virtual environment, so that our trade agreements reflect the reality as well as the economic impact of that trade.