 Today was an extremely important day for the organization because two of the major producers of intellectual property, namely Japan and the United States of America, joined what we call our Hague system, which is the international system for obtaining design protection. What it means in practical terms is that for enterprises around the world, it will be much, much easier to enter the design market in Japan and the United States of America. They can do it through a single international application. But equally, it will be much easier for enterprises in the United States of America and Japan to file and obtain protection for their designs in overseas markets. Accession will be very instrumental in attracting more interest and attention and will be used for all designers in Japan and abroad to protect their intellectual property. Innovation is a key driver of the modern economy, and I think by becoming a member of the Hague Union that we will promote innovation which will help American businesses and individuals just strive and prosper more by having global protection. It's really very important that Japan and the United States of America have joined the Hague system. We'll see this system develop extraordinarily now in the next couple of years. There are other countries that we expect to join, particularly now that Japan and the U.S. are in the system. And I would like to express our thanks on behalf of the Secretariat to the United States of America and to Japan for their engagement in the organization, for their commitment to the organization, which is shown through the deposit today of their instruments of accession and the joining of the Hague system for international registration of industrial designs.