There is no doubt in my mind but that the dispute mechanism outlined in this agreement will provide, compared with chapter 19 of NAFTA, for a very timely, very definite, very predictable and objective mechanism for adjudicating disputes in this agreement or emanating from this agreement. I think that provision alone is going to be worth a tremendous amount, as will the establishment of binational mechanisms at both the government and industry levels.
The experience in Canada, and I think most members will know this, is that where we have binational sector arrangements, as we've had, for example, in the automotive sector since the 1960s—we had the Auto Pact, and that morphed into free trade in autos and an integrated North American auto industry—we don't have trade disputes.
You have trade disputes in the sectors where there hasn't been that cross-border dialogue and cross-border integration of the industry. The more we work together and the more mechanisms for cooperation, future planning, and decision-making we have, the less likely it is that we will have disputes, and the more readily will we be able to evolve the trading framework toward what we all hope for, which is the utopia of unmitigated, fair, predictable, and rigorous free trade.