This is another area where a regional table for the Americas would be a tremendous help. Fiscal authorities from the region could gather to exchange policy advice and develop strategies to deal with their situations. And civil servants could gather to share best practices with regard to tax and expenditure issues. We in Canada and the United States can offer advice.
But, ultimately, fiscal policy in most of Latin America is a political problem, and it will be up to the people and governments of Latin America to solve it. Trade policy The final area I want to address is trade policy. We can all agree that more open trade is key to economic development.