I would go back to my comment about the benefit of having a regional arrangement rather than a web of bilateral arrangements. I think it's an opportunity to harmonize. I also mentioned that we have a presence in Mexico, so maybe there's an opportunity for us, in order to enhance our competitiveness, to have some input from our sites in Mexico to supply projects in which we may participate in other alliance member countries.
I would support the comments that Mathew made as well. It's an opportunity to open doors in emerging markets, especially if the Pacific Alliance is going to expand down the road.
One last comment would be that at this point in time Canada is an observer. I would repeat that realistically I'm not quite sure whether Canada can become a full member in the near term, but I think we have to get in early, rather than try to get in at a later stage when the rules and the arrangements are starting to be firmed up.
Our understanding is that they're looking at a number of options as to what kind of arrangements they may have in place, but they may go beyond the traditional free trade agreement. They're talking about doing trade promotion together in other countries, for instance, such as in Europe. To us that's interesting. It's new and different from the traditional free trade agreement approach.