Thank you for that question.
Most favoured nation treatment essentially extends to Canada any future trade liberalization that the European Union may agree to in other negotiations it undertakes. This is of significant benefit for Canada. Because Canada will have an agreement with the European Union before many of its other key trading partners, we are in the position of having the opportunity to carve out market share well ahead of our competitors. That is even made easier because we know that as the EU continues to liberalize into the future, Canada may stand to gain significantly from that liberalization.