Sure. I'd love to respond to that. I thank the member for always the constructive conversation.
There is nothing inconsistent with seeking to diversify our trading relationships. That's exactly what is happening here. We have a strong trading relationship with the United States. We need to address sectoral tariffs—the 232s, as you said—and we will continue to do that through the negotiation process, through the dialogue and through the discussions. At the same time, we can diversify trading partners while maintaining existing relationships. Those 20 agreements struck over the past year in security, defence and the economy are extremely important. The work we are doing with the EU, as the only non-EU member of SAFE, is another example of diversification.
The diversification doesn't rest on just those particular points. Let's look at ASEAN. We're looking to conclude an FTA in 2026. Let's look at Mercosur. We're also working to ensure that we have an FTA there. Even last year, we concluded an FTA with Indonesia. Over and above FTAs, it's foreign direct investment. We are having an investment summit here in September. The Prime Minister has received commitments of up to $100 billion in foreign direct investment.
Regarding foreign affairs, in terms of the work we are doing internationally, I've directed our officials to ensure that two-way trade and foreign direct investment are at the very top of the agenda, which will ensure that we double non-U.S. trade over the next 10 years.