Thanks for that question. It's an excellent question.
I'll tell you that one piece of this is that the 40% applies to light cars. The 45% of this new labour value content applies to trucks. There are two different conditions. Mechanisms in the current language of the agreement allow parties to whittle that down to as low as 25% labour value content. It's conditioned on research and development work that can get pumped into the mix that you can shave off some of those percentage obligations, as well as a very strange provision around powertrain operations and how many units you produce in a year. It's not exactly a 40% clean figure. With that, I think compliance will be a little bit easier to meet. In terms of how this works out in practice, a lot of it will be conditioned on the uniform regulations that are still being written. We haven't seen a draft of those yet. We'll have to pay close attention to that. We're hoping to see those soon.
On the question about monitoring, that's something that has been on our minds since day one. It's not just on labour value content. When you look at the new rules that apply to auto, I think it's the one sector that's seen the most significant transformation of the rules of origin. I might be wrong, but to me it seems more significant than others. How these new and very complex rules will be monitored is an open question. We have poked and prodded to try to get information on this, but we are told that these are proprietary bits of information that live and reside with Canada Border Services and the exporters. Until they're willing to disclose that, we're a little bit in the dark, but absolutely, as this rolls out, this is something that will be top of mind for us to poke around in.