Thank you, honourable vice-chair.
There's actually a great deal to say. For Canada, right now it's quite encouraging to see reliable countries reaching out to us to really deepen our trade relations within a multilateralism structure that they want to renew and that they consider the solution to the current difficulties with the United States. Canada was an observer member of the Pacific Alliance and Mercosur. However, Brazil, for example, is now genuinely inviting us to join. Without ruling out more bilateral trade relations, these other countries are really emphasizing the fact that Canada should join this trade alliance. In Latin American countries, green technologies and the ability to innovate and provide solutions are highly valued. We know that Mexico is an oil producer that nationalized this resource. Yet it's currently grappling with a water crisis and seeing the major impact of climate change. Climate change is also driving a Central American migration.
Countries such as Mexico and Brazil are realizing the value of turning to countries with expertise in renewable energy and a solid vision and regulatory framework. Interestingly, your question focuses on the economic aspect. However, a desire to assert a political alliance is also apparent. It's worth noting how the south is looking to Canada as a reliable and valuable partner in quickly developing new trade alliances.