I'll answer both questions together.
Michael and I were heavily involved when we set up the U.S.-Canada free trade negotiations with the mandate of both governments. We set up strategy structures, so that in Canada some 15 industry groups were consulted. We did all kinds of studies, building on the Macdonald report, etc., which was an enormous help to our negotiators, seeing the impact industry by industry, sector by sector in Canada—and the same with the U.S.
Most trade agreements—I half agree with Michael, but half disagree—are ongoing. So we went through seven rounds with the GATT, Uruguay Round, the WTO, or whatever. These are not in stone, and obviously the big change in the last 20 years is the emerging markets—the BRIC countries, if you want to call them that. For a variety of reasons they want to do their own thing first, because they don't feel they're in a position to go up against big Europe and big United States. Canada and Chile are little players on that.
Quite apart from this mandate issue in terms of timing, the problem is that each government only has a certain number of negotiators. For Europe, they're going to be faced with dealing with the United States. It's the same thing with Japan dealing with the United States, because there are ongoing talks with the U.S. and that's going to tie up political capital and time.
Obviously, without compromising all that kind of stuff, we have to be aware that each government has only so many people who can negotiate. If the Europeans move to the U.S. soon, and Japan moves to the U.S. or to the China-South Korea regional agreement, where does that leave us?