Barclay ToddTODD BARCLAY (National—Clutha-Southland): Well I will eat my hat. Mr Prosser and New Zealand First saying they support foreign investment—that is fantastic.Richard Prosser: The right kind.TODD BARCLAY: One more time Mr Prosser: New Zealand First supports foreign investment.It is a privilege to be able to speak on the Agricultural Compounds and Veterinary Medicines Amendment Bill in its second reading. It was quite an interesting bill to hear submissions on in the Primary Production Committee because it was quite a unanimous view—it was not a fully unanimous view but it was a strong steer that we got from the industry and the participants who came to present to us around the direction that the bill should be heading in and the large levels of support that it had.As we know the bill extends the period of protection for confidential information given in support of an application to register an innovative trade name product from 5 years to 8 years. One of the recommendations that the committee put forward following the submissions was to extend that period to 10 years' time. We think that it strikes the right balance as has been remarked by a number of members so far between incentivising the registration of products that our primary sector needs and encouraging competition in the agricultural workplace—and the market place indeed as well.My electorate the electorate of Clutha-Southland is a significant food producer. A significant part of our local economy is primary industries—agriculture food production—whether that is crops or whether it is animals into meat produce. The thing is that our producers say the same as every producer in the primary sector across the country and that is that the sector flourishes when competition is enabled and when we have got the right protections in place to be able to protect our brand internationally and also incentivise home-grown innovation in this space. The Government across a various array of disciplines has been heavily focused particularly over the last 6 years in trying to incentivise investment in New Zealand. If you look at the Primary Growth Partnerships and the Sustainable Farming Fund managed by the Ministry for Primary Industries there are a number of examples within them that incentivise innovation in New Zealand.I will remark on one of the points that the Green member Steffan Browning just mentioned. For a strong supporter of the organic sector he neglected to acknowledge that the organic sector stands to benefit quite considerably from the changes that have been set out in this piece of legislation. There were participants from that sector who contributed towards some of the recommendations that the committee has put forward and that are being debated today.As I say we got a pretty clear steer from submitters and both sides of the industry—suppliers and users of these products—were concerned that before this bill was introduced the current data-protection level was not sufficient and actually inhibited registration of the latest technologies. That was also backed up by a Government review that found that the incentives were not as strong as what they could have been in order to incentivise innovation in agricultural compounds and veterinary medicines in New Zealand.It was a privilege to have sat in on the submissions and to have heard from our submitters. I would just like to acknowledge the other members of the committee acknowledge the Minister for Food Safety for bringing in this bill and also acknowledge the people who took the time to come and submit to the select committee to make this bill even better. Thank you very much.