It's probably important to separate short-run effects from long-run effects. We have already talked about how this agreement doesn't represent a lot of trade, but it does represent potential. There is potential for growth. In the longer run, it's probably going to increase productivity and improve the employment situation at that end. In the shorter run, it could lead to some transitional effects where some people are laid off from some firms and other firms are hiring to expand. An example is if the pork industry does expand with trade with India, there could be expansion in some of those firms. There would likely be some contraction in other firms or maybe some shifting within the pork industry. Maybe we will go to the higher end. Maybe it's bacon production.
