As I said, the lowering of tariffs must be equally profitable for both Canadian and American manufacturers. Right now, the American manufacturers have a slight advantage.
I would like to see a better defence mechanism against currency manipulation exercises. Honestly, it's true that the TPP strengthens NAFTA and it's true that it provides a window to South America, but Asia needs to be included too, first Japan, but also Australia. Australia must not be overlooked. It has a free trade agreement with China.
First, I don't think we could stay out of the agreement. I think the U.S. has tried to start establishing the rules of trade in the Asia-Pacific region before China, but we must continue to use the momentum, so that China can join us some day in accordance with the provisions that will have already been set out in the agreement.
However, we fear that China is manipulating its currency again and continues to do dumping. We cannot benefit from such an agreement if those issues are not resolved.