Thank you very much, Chair.
I'd like to thank our guests for attending today. I had the privilege to be in Peru in March as part of a FIPA session--the Fórum Interparlamentar das Américas--where we talked about interparliamentary democracies. Much of the dialogue, when we met with congress people, business people, and indigenous people, centred around this whole dialogue of free trade. There was strong support of free trade in most circles.
I'd like to start, if I might, with Ms. George. You made some interesting comments. You're quite right that under the terms of our agreement, 95% of Canada's exports into Peru will immediately become tariff-exempt. And you talked about the trade with Peru from Canada's perspective--$1.8 billion in 2007 and rising. I get all of that.
Here's my question to you. As you've said, the deal has been done in the U.S. and China. The U.S. was done February 1st. The EU is coming up quickly. So my question is, from your experience and from your members' perspective, what would happen if we didn't do this deal? What's the implication, please?