I'll be brief but to the point. The biggest risk is a politicization of the triggering of the negotiations based on ideology that isn't weighted by fact.
As a specific example, we'll talk about rules of origin. We agree that the current scenario for NAFTA works for Canada and the U.S. There had been some chatter about a U.S.-specific regional value content floating out of the U.S., not here, as an instrument for repatriation of manufacturing to the U.S. That doesn't work for us. It actually doesn't work for our American partners and their American interests. They rely on a supply matrix that sources components from the most reliable and efficient places.
One opportunity is for an updating of the agreement to include in the tracing components things such as information technology that weren't in the original draft 25 years ago. If as an assembler you're able to use some of the IT spending on investment in the componentry to show compliance to 62.5%, I think companies in our technology corridors will be first in line, side by side with Silicon Valley. I mean that. The Toronto-Waterloo corridor in automotive IT, and Ottawa now, is a real rival for Silicon Valley.
As well, there are definitions for H-1 visas based on the types of businesses that were extant in 1994 that have now evolved. A lot of our business means shipping specialists back and forth very quickly to work on acute problems or acute opportunities. Sometimes they have to shoehorn themselves into electronic componentry definitions when they are really on the coding side.