Sure.
The first step is once we finish the technical negotiations, we'll submit it to our respective legal counsels for legal scrubbing. We're anticipating that will take anywhere from five to six months. The EU will then have to translate it into a total of 22 languages, which is going to take a bit of time as well. Following that, once we have a final legal text, and it has been translated, it will then go through the ratification process in the EU.
The first step in that is to go through the Council of Europe, the European Council, which has representatives from all member states. If they approve it, it then goes through the European Parliament for a vote. If they approve it, the European Commission would then be in a position to provisionally apply in our case probably 98% or 99% of the agreement at that point.
If there are elements that member states have to approve, they would then go on to the process of member state ratification, but in the meantime, we could have that 98% or 99% of the agreement in place while that is occurring.
We're estimating the time from when we finish the negotiations to get through the scrub, the translation and ratification to be a total of about two years. We're hoping for a little less, but about two years.