Mr. Speaker, I will elaborate a little bit here. As announced in the 2002 Speech from the Throne, the external advisory committee on smart regulation, the EACSR, will provide expert advice. Over the next 12 to 15 months the EACSR will develop recommendations on modern regulatory strategy to support Canada's objectives as a trading nation that is committed to offering a high quality of life for its citizens.
Smart regulation is about preparing Canada for the future and ensuring that we have a modern regulatory framework designed for the 21st century to maintain a Canadian advantage.
In the next 12 to 15 months we will see movement on that. Working with the hon. member, with his interest in this, will be very important. Again, together I think we can advance an agenda on which we both very much agree.