Thank you. That's an excellent question.
The reason we look at CETA and TPP as gold standard agreements is that they cover the whole range of issues outside of just tariffs and investment.
CETA covers services quite comprehensively. CETA includes mutual recognition of skills. It's still early days, but hopefully, for qualified architects, engineers, etc., if their trade association works with the equivalent group in Europe you could see a situation where Canadian professionals could go and work in Europe and their education and skills would qualify. Again, it's early days, but that is what I would consider the gold standard of a trade deal—actually having labour mobility at that level.
Turning to TPP, in that agreement both environment and labour are subject to dispute settlement. That's an innovation that we haven't seen before. We've had those issues addressed in side letters, but when you subject something to dispute settlement, it is truly enforceable. If countries don't live up to what they've agreed to, they of course could be challenged under the rules of the agreement. That's a development that we think is positive.
On the labour mobility point, the reason it was a challenge for Canada to join the Pacific Alliance as a full member was that one of the requirements was complete labour mobility, getting rid of all visa requirements. That's the situation among the four countries. Obviously that would be a challenge for Canada right now, to remove all visa requirements. I don't think that's possible. We could do something like a NEXUS, a trusted traveller program for business travellers, for example, to facilitate their movement within the region. I think that would be a really positive development.
There's room to build on the labour mobility side. We can't go to full labour mobility, but there's definitely some room to improve it.