If I may add, this is really it. When people talk about the U.S.-Korea deal as a done deal, it's not—and you'd probably know better than I the political situation in that country. I think it may well be the case that the deal will not come to pass, and that will give us a respite to actually look at this with a cool head, because it's not like shipbuilding.
The auto industry right now is under a lot of pressure, and this is not to be taken lightly. If we are hit by the recession down south, it will be very difficult. And Korean car producers are not.... Well, there's surplus capacity in the car industry right now. There will be really cutthroat competition. Unfortunately, because our costs of production have gone up thanks to the exchange rate—essentially increasing by 60% over the past four or five years—that's put us in a very difficult situation.
I would also point out that we import tonnes of steel from Korea. We ship the ore and they send us the steel, which makes absolutely no sense. So there are ways of.... We have to look at the questions of do we need a steel industry in Canada, do we need a shipbuilding industry, do we need a car industry in Canada? Those are the questions.
You talked about sunset industries. We think all of these products are actually high-tech products; there's nothing inherently old-fashioned about these products, and this is where the innovation is embodied.
So to us, there's certainly no rush to sign off on this. And I would not insist, I have to say, on the labour dimension. Korea is certainly not as egregious as China, but we do have some problems there. There are industrial zones that have been created where labour and environmental laws do not apply. There is a zone in North Korea operated by South Korean businesses, called the Kaesong Industrial Park, where folks are being paid $57 U.S. a month—and actually it's lower than that now. The money essentially goes to the North Korean government, which takes its cut. Basically it's akin to slave labour, and it's all done under the eyes of the South Korean government.
I think those are issues that ought to be within the purview of the negotiations.
Thank you.