I'm smiling only because Thailand is in a very special situation today.They have put in place some retroactive rules on foreign ownership in the services sector that may in fact contravene the FIPA we signed with them. This is being negotiated as we speak. But this is something that applies to the whole world.
Thailand, as you know, had a coup last year, and the coup is tied up in some very messy issues related to foreign ownership of Thai telecommunications assets. And the Thai government has responded with a very blunt rule to reclaim some of its foreign assets that are owned by the Singaporean government, as it turns out. There is a fear that other foreign investors in Thailand may be side-swiped.
But let me say this. The fact that we do have a FIPA with Thailand puts us in a much better position to clarify what the Thais are trying to do than if we didn't have a FIPA. This is exactly why we need to have agreements with other economies, as well.