Natural Resources committee  Yes, there are national treatment requirements that did apply quite broadly, including that particular area.

Natural Resources committee  Well, we did agree with the U.S., in particular, that we would not have investor-state dispute settlement processes continuing to apply between Canada and the U.S. If a Canadian investor in the U.S. had some kind of complaint, we would have to go through a state-to-state dispute

Natural Resources committee  I don't disagree with your characterization of the industry in Quebec, but I think the treatment between steel and aluminum is not that different, other than what happens after seven years, if that comes to pass. After seven years, manufacturers will have to demonstrate that the

Natural Resources committee  There's a 10-year review after that. I can tell you that we have already begun discussions with the U.S. and with Mexico to start to monitor imports of aluminum from countries like China into the North American market. If we can demonstrate a case that it is happening and it is p

Natural Resources committee  Yes, I think there are two elements of particular interest here. First, because we were able to negotiate an outcome to this agreement, we then subsequently managed to have removed the national security tariffs that the U.S. imposed on both steel and aluminum, the 15% tariff on

Natural Resources committee  Let me start by just describing the outcome. What we did with aluminum and steel in the original agreement from November 2018 is that we included a provision that said 70% of the aluminum and steel purchased by manufacturers had to be of North American origin. As you point out,

Natural Resources committee  The 70% requirement for both steel and aluminum applies to purchases by manufacturers. Any purchases by manufacturers have to be of North American origin.

Natural Resources committee  First of all, the side letter largely replicates what we have in the NAFTA as it stands now and, as you described it, water in its natural state is not affected by any provisions in the agreement. It's only when it becomes a commercial product that it's then subject to the variou

Natural Resources committee  As I said, there are, I think, two challenges at the WTO, and we have NAFTA challenges as well. I'd like to ask our director of the softwood lumber division to come to the table to give some more precise answers.

Natural Resources committee  No. I'm sorry. I think I wasn't clear. I think we can certainly have those discussions. In fact, we have been having some of those discussions already. We can have those discussions, but what I was referring to that would be more challenging would be if we proposed formal amendm

Natural Resources committee  We've actually initiated challenges both at the WTO and under the existing NAFTA provisions on softwood lumber. I think we're probably looking at both of those avenues as providing us potential benefits. We already have some decisions from panels. In particular, we have a decisi

Natural Resources committee  Yes. We have had those discussions. We do have an environmental co-operation agreement under the new NAFTA that does incorporate areas that we're going to be looking to co-operate on in trying to move issues forward, including energy efficiency, alternative and renewable energy a

Natural Resources committee  The consequences of that, I think, would be to risk our participation in the new agreement.

Natural Resources committee  If we delay the ratification for a significant period of time, the U.S. has clearly indicated to us that they will proceed with Mexico and leave Canada behind.

Natural Resources committee  I think they would be quite significant. More than 70% of our exports go to the U.S. We rely heavily on the U.S. market. We rely heavily on the North American market. The economic consequences would be quite significant. We will have an economic impact assessment coming out in th