Thank you for the question. I think it's a very good one.
As I look at the report of the NACC that has been passed around, when it's talking about regulations it talks about a North American default provision, a North American regulatory standard, and that it should be the one that is utilized.
In the case of chemicals, as you mentioned, the question arises, what happens in the case that there are certain chemicals in food and in cleaning products that are illegal in Canada, which the regulators have determined to be such, and there's a different standard in the United States? What regulatory standard then applies? Is it going to be the U.S. one? Given the size difference, my concern is that it will always be biased in favour of the U.S. one.
Would it be a higher regulatory standard? Is there a principle? There's a negotiation going on, as you know, for an overall framework agreement for regulatory harmonization. Is it one of the criteria that the countries will foster an upward harmonization of regulatory standards?
I think these are really important questions. I favour cooperation, but I don't favour capitulation.