the japan has strong ownership on ftap because the pathway to ftap was agreed in 2010 at yokohama leaders summit. which set out how apec should try or should help establish ftap. as ed said, apec is contributor. or as put in yokohama declaration, apec is incubator for the allies in the ftap. apec is not a negotiation forum. we need to have -- we need to understand the distinction on that. but as you mentioned, there is debate whether we call on the feasibility study or not. what i want to emphasize is that all apec economies are strongly united in the determination to realize ftap. thank you. >> thank you. i would also note that ftap has really been an area of the asia pacific has been a commonly agreed political goal i think as far back as the sydney meeting in 2006, if i remember right. if prime minister rudd were still here he could correct me. but so it's been a long-standing political goal to my mind it's fully consistent with the volcker rules in many ways, and represents a -- represents important aspiration. how it's actually executed is yet to be determined as the panelists have s