Absolutely. Thank you.
I think the latest irritant.... Let me rewind the clock a little bit. We ship $24 billion worth of our product outside of our borders. About 70% of that goes to the U.S.; the U.S. remains our most important marketplace. However, it's also one of great dependence, and as the softwood lumber dispute highlights, sometimes it's a little dangerous to be too dependent on one marketplace.
There are a number of factors that go into the softwood lumber dispute, and I don't think we need to go into that. I would also note that softwood lumber was exempted from NAFTA, so it's not really part of the free trade agreement. But let's just move on from that for a second.
The deals we sign outside of this country and the markets we open up outside of this country—even if we forget about free trade agreements and we look at markets like China and India—alleviate the pressure or the need for the industry to depend so heavily on the U.S. marketplace. It's all a function of supply and demand, and that's what's driving the dispute between ourselves and the U.S.
When the market prices go up to a certain level, there is no dispute anymore. Once they reach $350 per thousand board feet, there is no dispute anymore. The only way to do that is to broaden the market, so that the supply is going elsewhere and we're less dependent on that U.S. marketplace. These types of agreements help us to broaden our marketplace in that regard.