We don’t want to seem protectionist. Our company is export-driven. As a matter of fact, 93% of our revenue comes from markets outside Canada. We depend on exports.
However, in the rail sector, you have to realize that there are ongoing challenges around the world. There are local content requirements everywhere. You are well aware of what is happening in the United States, in Europe and in emerging markets. That is the reality we are faced with and that forces us to localize our production. We believe that Canada has some production sites that should be considered when purchases are made.
We're not saying we want free deals from the government. I think we have to compete. But this is the challenge we're facing in all the markets in which we operate.
Some consideration has to be given to what we value here in Canada: technologies being developed here and jobs being created here. We feel very confident that we can compete on the basis of our technologies in commercial terms, but we should not give up our capacity to develop technologies and invest in rail technologies here in Canada.