 Alhamdulillah, senior lawyer now in Geneva, but also previously a senior negotiator of lawyer with the WTO. Let me ask you, welcome, first of all, to WPC TV, but the simple question, how do you see the prospects for the two big trade deals that are on the horizon, the TTIP across the Atlantic and the TPP across the Pacific? Thank you very much, great occasion. You just practiced the British's understatement of, as I say, these are simple questions. They are very complex. We don't know what the animal is going to look like at the end, so it's difficult to say how feasible they are politically or whether they make sense from an economic point of view. However, there are big gains to be had by bringing together, in the case of the TPP countries, that have a lot of agreements amongst themselves under one wing, and bringing new actors into the play, and building a good model, presumably good, for more trans-specific economic operation. This is a path that others may follow, but again, it will be the quality of the agreement that will determine this. Having said that, it will very much also depend on the politics in the United States and elsewhere, whether what is being required of them is politically palatable, and it depends how ambitious one or the other is. On the other side of the TTIP, I think that there is a very strong economic relationship between the two actors. The world stands to gain very much by an effort that has to be made in terms of harmonization of standards, or coordination of standards setting, or mutual recognition. I think this is vital for their economies and for the rest of the world, so you don't have to manufacture one car for the United States and another car for Europe. Having said all that, neither of these two exercises deal with long-standing problems of trade, for example, agricultural subsidization, which is politically very complex, or like fishery subsidies, which allow many countries to maintain big fleets chasing and dwindling stock of fish, to the point that today we have 85% of the stock of fish in the world in critical condition, and that's very bad. There are other aspects to which can only be dealt with multilaterally, and thus these exercises are good, but they're incomplete, and they absolutely need also the multilateral tract, if you will. That note of sobering realism, thank you very much indeed. Thank you very much.