Thank you, Mr. Chairman. I certainly appreciate the opportunity to jump in here.
Dan, congratulations on your new post. This is the first time I've had an opportunity to question you in your new role as president. You've got big shoes to fill and I know that you're filling them well, so congratulations.
We've had a good discussion thus far in terms of trade and the necessity of diversifying our own Canadian economy as a result of trade deals. It was interesting to note across the way the suggestion that somehow if we didn't engage in these trade deals, we might actually increase our ability and would rectify the trade surplus versus trade deficit issues.
I would suggest it's probably the opposite. It seems like it takes decades for countries to change their supply chains, and the fact that Australia has been able to enter markets more aggressively before we were able to sign these deals, because of their more aggressive trade provisions, is a demonstration of how we can continue to see our trade position continue to diminish, even though we have the best-quality product and some of the best food safety rules. The issue is that people value those things, but when we are out-priced because of the deals others have reached to improve their pricing, then we're left out in the cold.
So I think there's another element that Canadians are unaware of, and that is with regard to increasing the diversification of our industries here in Canada.
Obviously we've talked a little bit, Dan, about the fact that there are parts of the animal carcass that North America just doesn't consume. So we have these products like tongue and other parts of the animal that really don't have a market here in Canada, and when you consider the duties that other countries might have to pay, there really isn't a market there. But if we can reduce some of these duties, we all of a sudden have an additional commodity that could be exported that isn't being consumed here.
We've heard that point. Maybe you want to talk a little bit more about that, but I also want to get back to Mr. Everson's point.
Jim, you talked about the fact that we have massive duties going into Japan for value-added products that would be diminished over time as a result of the TPP being enacted.
Could you both talk a little bit about some of the provisions with regard to value-added that could be seen as a result of this deal over the next number of years, if it's ratified.