There's this notion that somehow the TPP and NAFTA are all the same. They are dramatically different. Certainly in a scope perspective, TPP addresses a far broader range of issues than NAFTA does.
Even beyond that, its approach on services is quite different from some of our traditional trade agreements. Many trade agreements look at services, and you identify specific service areas and say that you'd like to liberalize or open those up. TPP flips that on its head by saying we going to open everything and then we're going to seek to identify certain things that we ought to exclude.
As smart as the negotiators may have been, they were not possibly going to be able to identify every kind of service that we might say ought to be excluded from the process, especially when we see newer ones emerging. In the context of ride-sharing services like Uber, we have rules in place that effectively lock in the rules as they stand now, either at a municipal level, so it's exempted as of now but not for the future, or similarly at a provincial level.
B.C. actually has ride-sharing legislation at a provincial level, which is unusual within the country. Usually, it's just at the municipal level. It's actually shared both provincially and municipally. Once the TPP is in place, it will become more difficult for those legislatures to change their existing rules and frameworks.
That applies for Uber, but even more fundamentally—and this speaks to Mr. Balsillie's concerns about innovation—as new innovators come into the space in other areas, we start thinking about rules that are already locked into place due to the TPP.