Thank you, Mr. Chair.
My question could be for either Mr. Barker or Mr. Owen.
In 2006, $1 billion was left on the table. We spoke to several forestry sector entrepreneurs and major players in the sector. They told us that this was called the “run out of steam strategy.” In short, the United States was hoping that the forestry sector would run out of steam and agree to a deal.
Do any WTO provisions protect us from this type of cheap agreement, or is this done only through the negotiation process?