First of all, I must say that I like the idea you raised of sort of a buy North American policy. This is something I often mentioned when I was Minister of International Trade, and even when I was Minister of Foreign Affairs. Based on industry logic, in integrated supply chains, it's normal to see things in a continental context.
As co-chair of what we called team Canada in our engagement strategy with the United States, I can tell you that the first element is always security. We're talking about the Arctic and the north.
The second element is supply chain resilience. That's something you're looking at here. After the COVID-19 pandemic, global supply chains became more regional. An American CEO once told me what he liked about Canada: If things are bad, you can truck goods; if things are really bad, you can haul them in the trunk of your car. The proximity of the two countries is therefore an important factor.
The third element is what I call a North American growth plan. We have the advantage of being next door to one of the largest economies in the world. Today, we are more integrated than ever. Just think of the Albany-Bromont corridor for semiconductors. When we started this discussion, I wanted to draw on what happened between Detroit and Windsor for the auto sector. I thought we could do the same thing between Quebec and Albany for semiconductors. So we have this new corridor.
In the biomanufacturing sector, there is Moderna in Laval, and we are connected to Boston.
Just as there is a Detroit-Windsor corridor in the auto sector, there is also a corridor on the western side in the energy sector.
You talked about supply chain resilience. Today, economic security is national security. Based on our discussions with our American neighbours, they clearly understand the importance of Canada in North America as a whole.