Thanks very much to each of you for your presentations.
Mr. Feldman, you have challenged some conventional wisdom, and that's always good at committee. But I feel that we ought to have a longer conversation, and I look forward to that.
On the issue of NAFTA and some of the issues you've raised, there's a risk in the emerging trilateral approach in the U.S. to borders and potentially to trade issues as well. Mexico and Canada are being seen as identical or very similar and ought to have a similar approach from the U.S. That's bad for us in terms of security-related issues and the thickening of the border. It is also potentially very bad for us, if we enter a new trade negotiation, to be treated identically, because there is a significant difference in labour and environmental standards.
In the past, it was largely viewed as a two-speed approach. The U.S. would work with Canada at one speed, given the similarity of conditions, and with Mexico at a slower speed, recognizing the divergence of conditions. Is it not a significant risk to us to open up NAFTA at this time, during a period of very high protectionist sentiment in the U.S., which often masks security initiatives?