Traditional knowledge is an important IP issue. Countries like Australia and New Zealand have developed attitudes toward it, and we have much to gain from them. It's going to be an interesting mix on that issue.
The last point, and perhaps the most important, is copyright. The most talked-about copyright issue is the one about term extension. I submit to you that it's a non-issue. More than 90 countries have a life-plus-70 term of protection.
We're not at the beginning of this trend, where positioning could be interesting. The train has come by, and it doesn't make sense for us not to jump on it. Is it great? Not necessarily, but there's no point fussing about this. There are far more important issues in copyright to deal with.
First, there's the absence of liability of all these service providers and of the GAFAs of this world: Google, Apple, Facebook, and Amazon. Money is being made somewhere, but the money is not being fuelled back into the industry. That's very clear.
Second, we're talking about mass consumption, mass uses of work. This calls for a mass type of enforcement in copyright of collective management. We don't emphasize this enough.
Third, there are lots of copyright exceptions in our act now, and the presence of all these exceptions inhibits the creation of markets for these works in our country. It also raises serious issues of compliance with international law.
With these words, I'd like to close. I welcome your questions afterwards.