Thank you, Mr. Chair.
Welcome to Montreal.
Thank you for being here this morning and for your informative presentations.
My first question is for Mr. Benoit and Mr. Riendeau.
I don't know how to say “supply manage” in French, so I'd better stick to English for this question.
I'm a little confused about your opinion of the impact the TPP has on the supply management regime. I'm not clear whether you think it's detrimental or whether it's preserved in this agreement. In one sense I get the feeling that you think this agreement only has a marginal impact on supply management, but on the other side we're talking about what sort of compensation might be paid because of the TPP.
Can you clarify that for me a little bit?