The benefits of technology transfer and broadening of markets and market access are clear. But of course there are costs, including perhaps loss of market share and volatility if one thinks of the region as a zero sum game. We don’t believe this is so. The principles are clear.
The key principles are: 1) acknowledgement of various initial conditions of member states, 2) agreement on milestones, and 3) agreement that compliance with milestones is state-dependent. At the end of the day, we see this as a window of opportunity. It’s a cooperative effort. Fact 3: There is a strong show of faith from third-party recognition.