When we're saying there's potential for a free trade agreement with China, we're looking at the China of today. We've been involved in a number of free trade negotiations in recent years, some quite large ones, and it's always a matter of trying to match up how your partner's economy matches up to your economy. In the case of China, it's much more complex than it was with the European Union or with the Trans-Pacific Partnership members, or within North America, because China does have a different type of economy. They have their state-owned enterprises, and it's very hard to find examples of how they operate. It's difficult to figure out what kind of disciplines we could put on those and what kind of transparency obligations so we would know what's going on. They also provide a high volume of subsidies to certain industries. We would want to address those.
On January 30th, 2020. See this statement in context.