Madam Chair, I think the discussions we've been having with the U.K. have advanced considerably since we resumed discussions back at the end of the summer. We now feel that we're within range of agreement on an outcome to the transitional agreement that we've been talking about.
To remind members, we are looking at negotiating an outcome that will allow us to have a transitional agreement in place as the U.K. exits the EU so that we don't lose the preferences we've negotiated under CETA in relation to the U.K. As part of that negotiation, we would also expect to negotiate a full free trade agreement after the U.K. is entirely out of the EU. The discussions we're having on the transition agreement with the U.K. are going reasonably well. We are making some progress. We think we're fairly close to the finish line, but we're not quite there. As you can imagine, in any kind of trade negotiation, the most difficult parts are the ones you deal with at the very end.