Yes, we have FTAs with all of the Pacific Alliance members, but the Pacific Alliance goes beyond those trade deals in two aspects. It could potentially bring additional benefits to Canada—I say “potentially” and I'll get into that in a second—in two respects.
Having an FTA is an important gateway to improve the bilateral trade relationship, but there are other tools you need to use to bring that to fruition. Talking to and further engaging with the members of the Pacific Alliance itself helps enhance those relationships and helps to promote trade under the existing FTAs. That's point one.
Point two, as I made before, is that it goes beyond trade policy. It will eventually go beyond trade policy into other areas of cooperation to enhance integration.