Well, first of all, there is no agreement yet. It's under negotiation. I assume they're closer than we may think.
I think too many things have been taken off the table by both parties. If you look at what our bigger export interests would be, you see that our biggest export is durum wheat. Our biggest importer is Italy, but we're faced with a 500,000-tonne TRQ on durum wheat.
You can expand that to see that we've had a long history of disputes. As soon as the U.K. went into the European community, we lost access for high-quality wheat. We've been negotiating that situation for I don't know how many years--was it since 1971? I'm not certain, but it has been a considerable period of time.
If we could get real and substantial access there, possibly we could regain some of our original markets in Europe with respect to high-quality wheat. We have to also respect the fact that the Europeans produce a large amount of wheat and do so with very high yields. It's not the quality that we produce, but certainly they're a strong competitor.
In terms of pork, we think of China as a large market for pork. Europe is also a substantial market. We face some very strong competitors, the Danes and the Dutch, but if we could increase the size of the TRQ with respect to pork, we could have some potential gains there.
I think both sides are a bit reticent. The negotiating language used in dealing with these issues shows that it is not an absolute free trade agreement. The awkward name that they provide gets around the fact that they are not going to liberalize everything.
What will we get at the end of the day? I suspect that we'll get some basic structural things in place that will probably help the market. Hopefully we'll get enough incremental access in some of these sectors to make it worthwhile at the end of the day, but you have to look broadly at the economy. What are the gains in terms of services? What are the gains in terms of some of the high-tech industries? What might be the gains with respect to investment? You have to balance all of those things out at the end of the day.