The first reading was conducted and finished last night. This morning they had additional discussions to move that process forward. There will be some hurdles which will have to be faced, but I think that with the goodwill among all Parties I believe we will be able to move ahead forthrightly through the weekend and through next week. On compliance as well, the other key issue which we see as being something to be decided at the same time as the mechanisms work, there has also been considerable progress. I would note that there, too, there has been a lot of goodwill among the Parties which are participating.
Capacity building is another area which is of very great importance.
So I think in general we are setting ourselves up for a very good basis for next week's high-level segment starting on Tuesday. We certainly look forward to receiving our ministers and high-level officials and having them engage, take stock of the situation here in Bonn and giving us some guidance as to steps forward. You say there is great progress on the flexibility mechanisms. Although others argue strongly for these so-called ceilings or caps to be placed on the mechanisms, I think the arguments against this position will become more apparent as our discussions continue. I think that goverments want to reach these targets under Kyoto in the most cost-effective manner possible.