Certainly. As I mentioned, the IMF has a strict definition of currency manipulation. In fact, there was a proposal put forward as part of the TPP negotiations in the U.S. It was developed by external experts in monetary policy and external economists. It suggested how you could take those IMF principles and in a simple three-part test put them into a trade agreement. If a country failed to meet the three-part test, there would be a remedy. We would suggest the remedy should be that the tariff goes back on the imported goods until such time as the currency manipulation ends.
That three-part test is as follows: Did the TPP member have a current account surplus over a period of time? Did it add to its foreign exchange reserves over that same period of time? Are the foreign exchange reserves more than sufficient?
All three of these are what the IMF uses when they evaluate currency manipulation. In fact, I'd be happy to have this proposal translated and submit it to the committee if you're interested in having it.