Mr. Chair, we absolutely are going to have a dynamic and robust shipbuilding industry. The EFTA trade agreement provides a 10 year to 15 year phase-out on the most sensitive shipbuilding products and services. That is the longest phase-out of any trade agreement in our history.
We also have applied new funding to the structured financing facility, which supports the Canadian shipbuilding industry.
However, the really big opportunity for Canadian shipbuilding is the government procurement policy. We have excluded government Canadian build policies from the agreement, and this $8 billion-plus in Canadian ship and vessel acquisition is going to keep the Canadian shipyards busy for a long time.