Yes. The focus on the U.S. and the EU is obvious. They are trading partner number one and trading partner number two. However, I would urge the committee to consider the FTAs we have with other countries, like those in the global south, for instance. Every country has its own mechanisms. The FTAs we have with Chile, Colombia, Indonesia, Australia, Japan, Mexico and New Zealand have some type of mechanism in place. Whether the border carbon adjustment is in or out, the fact is that the basis of it is trending that way anyway.
Quite frankly, having a Canadian border carbon adjustment—and I'm not a hockey fan—is where the puck is going. Staring down the U.S. is not the only option.