We actually have a couple of analytical studies, econometric studies, of the impact of a possible Canada-Korea free trade agreement. They are on the department's website. They're based, as I recall, on the impact if a free trade agreement were in place in 2005. The impact indicates there would be approximately a 56% increase in Canadian exports and an increase in Canadian GDP of about $1.6 billion per year, based on 2005.
I know there have been some other studies done out there by folks like the IWA. Candidly, those are extremely flawed studies and bear no resemblance whatsoever to what we think the actual impact of a trade agreement would be with Korea.
I would emphasize that at the moment we don't have a free trade agreement with Korea. We're not even close to a free trade agreement with Korea.
My fear would be that we continue to have difficulty negotiating an agreement but the Americans proceed to ratify the U.S.-Korea agreement. If that happens, if the Americans go ahead with an agreement with Korea and we do not, that will cost us over $1 billion a year in economic losses and export losses, which will translate into job losses.