Mr. Chairman, I forgot to ask a question about the various models, especially the American and European models.
If I am not mistaken, the US Senate amended the American model in July 2005. In your brief, you say that Democrat senators brought measures which tend to bring the American model closer to the European one. They have not yet completely adopted the European model but they want to make their system more and more similar to the European system. You also stated, Mr. Khatter, that we should study closely the European model and, if possible, amend our legislation according to that model.
Generally speaking, we tend to adopt standards that are closer to what they do in the US. Therefore, if we were to adopt the European model, would that be a constraint or an obstacle to better harmonisation with the US? Would it not be better for us to emulate the amendments passed in July 2005 by the american Senate? Usually, we tend to harmonize our standards and practices with those of the US.
I ask this question because we would not want to be in conflict with the Americans on such an issue since, in Canada, we have always tried to harmonize our standards with those of the US.