Sure.
What it would do mainly is provide a framework. This is already a region that we do a fair amount of business with, both on the trade and export and import side. However, the rules that govern our trade right now are those of the WTO. Having a free trade agreement with that particular region would not only reinforce, improve and enhance some of those rules and disciplines, but it would also lower all of the tariffs that some of our exporters continue to be subject to.
Not only would the framework lower the tariffs, it would also improve the overall trading environment and provide a huge opportunity for our sector overall to diversify. If you look at our free trade agreements in the world right now, we have the CUSMA, the CETA and the CPTPP, although not all countries have yet ratified the agreement. There is this whole region in the world that is vast and growing. This is really where our members see growth moving forward.