Thank you. It's an interesting question.
In some ways, this NAFTA modernization is quite different from other trade negotiations. It's first of all different because we already have an agreement in place, and I think I would have to say it's really quite a good agreement. It's often said that it needs to be modernized, that it's old, but I have been impressed that some of the controversies of the past year have caused sectors and individual companies to come forward and share with us that they didn't even know it, but they were using the NAFTA to do something, and it turns out that it is pretty important to them. It is a peculiar negotiation because of that.
There are a number of areas where we can pursue, through negotiations, enhanced market access to one another's markets, but it's fairly limited because the NAFTA already delivered most of that. That makes it different.
I think about past free trade agreements between the United States and Latin American countries. There was always the enticement of that market access, and for the Latin American country, the promise of permanent access to the giant U.S. market. That made it possible politically to enter into not just the market access, but the rules provisions of the trade agreement, whether they are intellectual property protection, procurement rules, opening up services markets, and for a reform-minded government, the market access, and those other things, it was a chance to enter into a set of economic reforms that might have been difficult to do under other circumstances. That's what makes this a little different here today. I think we need to constantly remind ourselves of what we have right in front of ourselves. As George Orwell said, “To see what is in front of one's nose requires a constant struggle”. I think that is true when it comes to the NAFTA.