Thank you.
Thank you so much for presenting to us today. It's been very informative.
There are a couple of things I'd like to ask about. The TPP includes a motor vehicle safeguard mechanism that would be available to Canada and Japan. If a surge of Japanese auto imports threatened Canadian auto producers with “serious injury”, and I'll put that in quotes because that's the actual term that's used, this mechanism would allow Canada to apply tariffs for up to five years on these imports at a higher rate than what is outlined in Canada's TPP tariff schedule.
According to the TPP, a “serious injury means a significant overall impairment in the position of domestic industry”. So if a surge of Japanese auto imports were to occur, what would be your definition of serious injury to the Canadian domestic market?