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International Trade committee  Yes, we've had the dispute resolution mechanism in previous agreements, for North America and for Chile. The Costa Rica one did not have financial penalties. This agreement is sort of a third generation agreement. It is much, much stronger than what you had under the North American agreement or the Costa Rica agreement.

May 5th, 2009Committee meeting

Pierre Bouchard

International Trade committee  That is actually incorrect. The Peruvian government would not pay a fine to itself; it would pay a fine into an account. We've set up this account under the legislation. It can be an account here in Canada, but its location is not as important as how the money is controlled. Both parties must agree before any money is released from that account.

May 5th, 2009Committee meeting

Pierre Bouchard