Mr. Speaker, there are a number of elements of this budget implementation act that deal with industry. Intellectual property is an example. There were certain amendments made to this bill that deal with intellectual property. These come out of amendments that were included in budget implementation act 1. These amendments are intended to move us forward in the Madrid protocol, in the Singapore Treaty on the Law of Trademarks, and in the Nice agreement.
Amendments in BIA 2 would implement the final two international agreements, the Patent Law Treaty and the Hague agreement relating to patents and industrial design. When he talks about the Industrial Design Act, as far as I understand, those are the measures that he is talking about.
Our government understands that reducing red tape, especially for small and medium-sized businesses, is central to Canada's economic growth. Reducing red tape makes certain that our businesses can compete abroad and are not on an uneven playing field. When we recognize these international developments and sign on to them, it helps industry. Signing on to these protocols is part of what this budget implementation act would do, and that is why it is so important that this bill gets passed through the House.