Good morning, gentlemen. Thank you very much for coming here today.
I want to pick up on something you said, Professor. You talked about the timing and said that it's in our best interest right now that free trade negotiations happen quickly. I want to get your commentary on one point, because logistically, going through to let's say July 2018, we have right now a situation whereby the President has not informed Congress. That will take 90 days.
We also know that there will be a presidential election next year, by July 2018. We also know that President Peña Nieto is not eligible to run.
Logistically, there is a 90-day provision. Beyond that you're going to get into a lame duck presidency for the Mexican president. The domestic considerations in Mexico right now are not favourable toward the United States. Over the next year, how are we going to get it done when we're going to have one partner? I think the commentary has been that there should be a trilateral agreement, that we should not do one-offs bilaterally.
How would the timing work, under these circumstances, to do it before July 2018? If we're going to get a deal, it should be with the current Mexican president, who is more favourable, as compared with delaying it beyond the election and allowing someone else to come in who may not be that favourable.