Thank you to the panel members.
Ms. Fernandez, in your presentation it's my understanding that you question the value of the TPP agreement, and moreover in your presentation you also mentioned that TPP countries that Canada does not have an FTA with only make up 3% of Canadian exports and 5% of imports. What is your take on the argument that our absence on the TPP will weaken our leverage in NAFTA?
Question number two is we see the TPP taking us into the emerging markets, and into the ones that are part of the TPP, and there are other countries, emerging markets, that want to join the TPP. If we miss this opportunity, wouldn't it potentially prevent our taking advantage of those markets?
Please can you address those two questions.