I will say that this is going to be a bit of a loaded question, because when FTA negotiations were conducted between Canada and Europe they said our wine sector would be decimated. Well, we saw that wasn't the case; in fact, the opposite happened.
So to try to guess how certain sectors will respond when faced with enhanced competition is difficult. But what we can say is that there will certainly be opportunities for our agricultural exporters and our resource exporters, and there will undoubtedly be opportunities for our service providers.
There will be opportunities in manufacturing, but it will be important that the manufacturing sector responds to what will be enhanced competition. Undoubtedly there will be enhanced competition. It's not a given, but it's a necessary condition, because, frankly, our productivity is quite woeful in Canada, and I would argue that part of the reason for that is that the levels of competition that our manufacturers experience are not on par with what some other jurisdictions experience.
We will see an opportunity for growth in terms of professional services—and certainly if we can increase mobility. We will also see sub-contracting opportunities. Companies tend to establish their supply chains where free trade areas exist, because tariff levels, even if very low, act as implicit taxes all through the supply chain of inter-company trade, which often doesn't get captured in trade statistics. So there will be opportunities that will come about through that in the manufacturing and services sectors, undoubtedly. Also, if we have European investors in Canada with other companies providing contracting services to those large companies, there's no reason to believe that those partnerships couldn't evolve into something that takes place in all corners of the world.