Canadian Pundits - What Can You Tell Me About the Security & Prosperity Agreement?

[Cat_Whisperer]

On March 23, 2005, Canada, the U.S., and Mexico signed an agreement called the Security and Prosperity Agreement of North America. According to Wikipedia, the purpose of this agreement was:

born in response to the evident necessity for the North American continent to take new steps to address the threat of terrorism and to enhance the security, competitiveness and quality of life of their countries’ citizens…
Through the SPP, the United States, Canada, and Mexico seek to:

Establish a cooperative approach to advance in common security and prosperity.
Promote economic growth, competitiveness, and quality of life.
Develop a common security strategy to further secure North America, focusing on:
Securing North America from external threats.
Preventing and responding to threats within North America.
Streamlining the secure and efficient movement of legitimate and low-risk traffic across shared borders.

Through cooperation and information sharing, the SPP will work toward:

Improving productivity.
Reducing the costs of trade.
Enhancing the joint stewardship of the environment, facilitating agricultural trade while creating a safer and more reliable food supply, and protecting people from disease.

It seems like this is the first I am hearing about this agreement which is nearly a year old. I have no idea if this is a good thing for Canada or what the repercussions, if any, will be. Anybody have any idea? Northern Piper, Gorsnak - any thoughts?