I think EDC is a great tool that we need to continue to leverage, especially when it comes to buyer financing models, but I think what fundamentally we're seeing in the global marketplace from a Canadian commercial perspective is that early-stage export financing is a major problem.
Let's say you're going to look at the Qatari market. You want to invest in a project in the infrastructure space that could yield a multi-million dollar contract for the Canadian firm, creating a lot of Canadian jobs at the end of the day. You're transferring not only the skills but the technology and the know-how to build and operate a school, let's say—or even just to build—in the Qatari marketplace. Who is going to take on the risk of the feasibility study? EDC is not going to touch it. You go to your bank, and they're not going to touch it either.
What we need is a mechanism such as what the U.S. has in place. The U.S. Trade and Development Agency has in place a mechanism such as that, which provides for a company's access to this type of financing. There are other examples that I can certainly send you in response. There is a shopping list. The Koreans are doing it, as are European markets and the Germans. They all have access to these types of financing. I think what Canada needs to do is seriously look at a mechanism that would allow Canadian companies to even just have a foothold, let's say, in the marketplace.