Right.
It is true that Brazil and Argentina are some of our competitors, but the U.S. is as well. Australia, Mexico, and the European Union are our competitors in various world markets also.
At this point, our members don't feel there is enough potential growth in the Mercosur region to consider a free trade agreement. This is particularly true in light of everything else that's going on: the NAFTA renegotiation, the need to ratify CPTPP and get a level playing field in Japan, making greater inroads in Asia. There have been talks about exploratory discussions of a potential FTA with China. That should be the priority.
There are also remaining issues with respect to the CETA agreement that was implemented last September. A number of our exporters still can't get real access to the market, in particular in the meat and grains sector. These issues, I think, should be solved before moving forward with a Mercosur agreement.