Thank you for the question.
They're very important negotiations, where sometimes there is some overlap, but there are also unique elements to them as well. In the case of Indonesia, we were able to launch negotiations, and we certainly supported that process initially, because we were having difficulty launching our ASEAN talks. Both negotiations have a value, and Indonesia in its own right is a very important country. We can do things differently, as the Australians were able to do with their agreement with ASEAN and with Indonesia.
As for sectors, truly I'm not as familiar with some of the sectors that would be affected. We've conducted some economic impact assessments in the past for ASEAN in our report, which now would be dated in 2017, so I do apologize that the data may no longer be up to date. We did see a lot of opportunity for a lot of our traditional sectors. As I noted as well, one of the areas where Canada's done really well is in the services sector in southeast Asia. We have a very strong presence of Canadian firms in the insurance industry, for instance—a long-standing presence and a very successful presence in some of these markets. That's something I'd like to point out.
The opportunities are obviously quite broad as well. Looking at digital trade is one area that's growing, and there's another trade agreement that's also in place. It's more of a plurilateral negotiation with a digital economy partnership agreement based in Singapore. That's another opportunity to establish some standards for digital trade somewhere where Canada is well positioned to compete, and there's tremendous opportunity with the quickly emerging digital economy in southeast Asia.
There are three different trade negotiations I referenced. The Indonesian negotiation is important. It's something we may be able to negotiate in a shorter time frame and more tailor-made for a very important relationship, but we should also be aware of the importance of ASEAN and the interconnected nature of that regional supply chain and the large amount of global interest in that supply chain there, ensuring that Canada can at least be plugged into it to a certain capacity.