I will continue in French.
Good afternoon, everyone.
The agreement with the European Union will allow us to invest in harvesting more cattle in Canada since we will have access to the European Union that other countries do not have. Clearly, we must understand that the converse is also true: without the agreement, other countries could invest to their advantage. This is why that particular element is important for us.
Canada will have duty-free import quotas for beef. We must remember that one of the current quotas, for 11,500 metric tons, is supposed to carry a 20% duty, but that will no longer be the case. These are the advantages of the agreement. If we come to an understanding with Europe on the economic agreement, it will be possible to develop a stable, commercially viable market on a long-term basis. Stimulating investments in a sector that will allow it to develop requires an economic environment that will allow investors to see their profits extending into the long term.
The deal precedes negotiations with the European Union that the United States has just started. Canada is well-positioned. Judging by the other agreements in the works, this is promising. I repeat that, if an investor, in a packing plant, for example, wants to invest in Canada, that investor must have access to other markets. If the United States has access to 20 countries, for example, but Canada has access to 40, the investor will choose Canada. The converse is also true, and that would then become a disadvantage.
Over to you, Bryan.