Certainly we're very hopeful that these technical discussions that are going on right now between Canada and the Europeans do result in more closely linked meat equivalency protocols. Currently, for instance, the Europeans don't want the use of wooden pallets in the facility. We're hopeful that will change. They require a specific separation in the plant. We're hopeful that will change and that we can show them, look, we supply dozens of countries around the world that accept our system as it currently stands.
The Europeans just approved lactic acid, for instance, last year, so that's good. That helps control E. coli. They're currently reviewing their restriction on recycled hot water, which you would think they would immediately approve given the environmental and energy concerns. But once we resolve those issues and we can increase, we have estimated that we could have upwards of $1 billion of additional exports to Europe in beef, pork, horse, and bison.
Having said that, the Europeans, though, will also get duty-free access to Canada. You've seen these products in the store, the Dr. Oetker pizzas that are coming from Germany. They're currently faced with a 14.5% tariff right now. That tariff will be totally eliminated. At the same time, there'll be opportunity for Canadian food processors to export their finished goods to the European Union as well, duty-free.
Tthe opportunities will be there. It will be up to Canada to take advantage of that. Really, having access to 500 million of the world's richest citizens is quite promising.