I think it speaks really to the success we've had with our increased exports to the European Union under CETA and that we wish to continue with for the U.K. The “cliff edge” that I referenced was very much around at the end of three years making sure that we have the agreement in place and that we're able to take advantage of it to the fullest extent possible.
As we were approaching the December 31 deadline, I think what we saw was that if there were no TCA in place, the big impact that would have on agriculture exporters, as well as fish and seafood exporters, who would have been subject to the MFN tariff rates that would have been applicable in the event that we had no preferential arrangement in place. We're very pleased that we were able to negotiate that and to get everything finalized.
Then, in order to take advantage of the agreement in full, we have to get past the.... Ideally, we will get the TCA ratified and then an entry into force date in the foreseeable future, so that not only our key goods exporters can take advantage of it, but our service exporters can as well. We can continue to have our business people enter the U.K. marketplace on the service side of things, as well as to create new business opportunities and seek out new investments.
I think that's the key. It's to have the entire agreement in place, and not just the goods aspects applying.