The first attempt, or more than an attempt, to integrate has been MERCOSUR. But MERCOSUR was more of a political alliance than an economic alliance. As such, when you have economies that start moving in different directions, MERCOSUR was put to a test that it could not pass.
I'm concerned about the viability of MERCOSUR, particularly now that there is a fifth member that is not a voting member and that has ultimate intentions vis-à-vis using the other members of MERCOSUR to fit into his lines. In that respect, we see even the failure of MERCOSUR in dealing with some of the imbalances in the trade flows between Brazil and Argentina, in being able to deal with regional disputes such as Uruguay and Argentina as well. We have seen Chile try to join MERCOSUR, but they found that they have a more liberal tariff policy than MERCOSUR. Actually, their tariffs were lower than MERCOSUR's, and they found that they would have to raise their tariffs and that was not what they wanted to do.
My view is, be it regional, be it bilateral, we need to get some action on having some trade agreements with Latin America. If it has to be reached there on a regional basis, let's do it; if it has to be on a bilateral basis, let's do it. But let's move on that one, because we are really missing the train on being able to offer Canadian exporters an opportunity to open new markets.