Very quickly, the CPTPP is an excellent example. It's an anchor of our trade investment activities in the region. Of course, we've launched and completed negotiations with Indonesia. We have launched negotiations with the Philippines, and soon we'll be starting our negotiations with Thailand. We have an existing trade agreement in place with Korea.
All in all, what we're seeing is that we're creating the environment for traders and investors to succeed in this region and to help, perhaps, realign supply chains in new ways to deal with some of the challenges that have beset the international trading system. The results won't be immediate. It's going to take time. It's going to be a big shift for Canadian companies, and especially for SMEs, to reorient in terms of diversifying their economic activity.
We are seeing some early indications—we're seeing higher utilization of these trade agreements, and we're seeing more and more interest through trade missions and through other interactions—that Canadian traders and investors are taking the steps necessary to realize those objectives.
