Thanks, Dave.
In regard to trade, the 2026 review of CUSMA looms large for our farmers. The U.S. is our largest export market, and Mexico is our third-largest export market, with exports valued at $8.6 billion for the former and $1 billion for the latter in 2023.
We have now heard clearly from both U.S. presidential candidates that they view 2026 as a renegotiation, not a review. Given this context and a new administration in Mexico, Canada should be prioritizing this agreement and ensuring that we do nothing domestically to antagonize this critical relationship. CCGA was in Washington, D.C., last week for the 33rd Tri-National Agricultural Accord and heard loudly that Bill C-282 will cause damage to our trading relationships and the CUSMA review, in particular with the U.S.
The CUSMA region will be even more important for our farmers given the significant trade challenges we will face with canola seed going to China, given our government's action on EVs and other imports. We exported five billion dollars' worth of canola to China in 2023.
In regard to Bill C-59, our sector needs clarity around this bill. Canadian farmers are among the most sustainable in the world, and part of our global competitiveness is being able to tell our story to a global audience. The intended and unintended consequences of the greenwashing provisions and the very low threshold for bringing forth a complaint raise serious concerns among farmers.
Finally, regarding business risk management, these tools are important to farmers and provide them with support when they face significant production or income losses. The risk profiles and priorities of today's farmers have changed compared to 20 years ago, when the basic design of these programs began. Closer collaboration with farmers and their associations is needed to ensure that these programs meet the needs of farmers now and into the future.
Thank you.