Mr. Speaker, I would like to thank the hon. member for his soliloquy. I think there was a question contained within it.
The preferential tariff, which he was referring to, has not been revised since 1974. Let us compare ourselves to the United States, which revises its preferential tariff every two years. What we would do in the budget is update the preferential tariff that was set in 1974, some 39 years ago.
The reason for the preferential tariff is developing countries. Here in Canada, we subsidize the preferential tariff. Those countries are doing very well now, economically, including the BRIC countries—China, for example. That is why we are updating the preferential tariff. Those countries are not developing countries anymore; they are fully developed economies.