Again, in the pre-launch period we did carry out comprehensive consultations with stakeholders. We had widespread support from everyone except the automotive and shipbuilding sectors. That's why we spent so much time taking a hard look at the auto sector in particular, which accounts for such a large part of our trade.
The studies go into extensive detail as to why they don't anticipate a significant negative impact in Canada because of trade liberalization with Korea. I went through those reasons. It's a low tariff; 84% of our production is to the U.S., which won't be affected. Of the production in Canada, at least 30% doesn't face any direct competition.
Of the three Korean manufacturers, two of them, Hyundai and Kia, are manufacturing or will be manufacturing in North America, and the third, Daewoo, is owned by GM.
When you look at all that, the conclusion we come to is that the incremental impact on Canadian production from removing the 6.1% tariff that remains will be minimal. Against that you have all these other sectors that say they have enormous opportunities in the Korean market because they're facing high tariffs. So there is the prospect of considerable gains in all of those sectors versus the best analysis we can bring together telling us there won't be much of a downside in the auto sector.