You mention Peller Estates. I'm the member of Parliament for Kelowna—Lake Country, and we have sort of a wine caucus. Obviously it's a big economic driver, not only for British Columbia but all of Canada. I had the honour of going to South Korea with the Prime Minister last March for the signing of the free trade agreement. South Korea has the highest price point for red wine. We know that's the Asia-Pacific gateway and corridor that we're working on, so $50 million right into through South Korea and into China.
This leads me to Mr. Hopkins. Thank you for being here this morning. Congratulations on a third consecutive balanced budget to you and Minister de Jong, who was with several members of Parliament who met on the Hill last year advocating for this RMB. I appreciate his leadership and yours. My colleague, Mr. Saxton, alluded to the second successful bond that was just recently launched.
I want to follow up on the potential with this RMB trading hub coming into effect basically next month, the time aspect. What will this do for our cultural ties, specifically for the Asia-Pacific gateway?