This is the importance of the trade agenda for Canada and our prosperity, our future growth. We currently have only one trade agreement on the other side of the Pacific. We are in second to last place on this side of the Pacific in terms of trade agreements with Asia. I think Ecuador and Nicaragua might be behind us, but that's about it. Everyone else has multiple agreements. Chile has nine agreements. Australia and New Zealand have over a dozen. We desperately need to move on the trade engagement with Asia.
We cannot get sidetracked by things like an agreement with the U.K. or looking at an agreement with Mercosur. When we hear this out west, we get livid. We've wasted time. We've lost opportunity. We've lost market share to our competitors around the Pacific because we've wasted time on agreements with places like Honduras. Sorry, but that's.... We need to get caught up in Asia.
One way to do this is to go ahead with the TPP without the Americans. We have a modelling exercise looking at the benefits of a TPP11. It shows that every country that was part of the agreement would gain. Canada would gain the second most after Mexico. The only country that would lose is America. If we take advantage of this, we start taking market share off the Americans around Asia. This has to be a priority for us. Japan is ready to move ahead. Australia and New Zealand are ready to move ahead. This has to be our number one priority if we want to see a real advantage.
It's funny. We're getting calls from Secretary Ross's office asking for a copy of this modelling exercise. The Japanese are asking for copies of this modelling exercise, so it's turning out to have some impact.
As for the other countries, if the TPP11 doesn't go ahead, then let's look at negotiations already started: Singapore, halfway done; Japan, halfway done. Let's look at things where we already have progress through the TPP and through negotiations that have already been started. Again, we are so desperately behind in Asia, and these are ways to catch up. Vietnam is another market that's hugely important to the west in terms of grain and cattle. This is a market that we have to look at.
These are thoughts as to how we can construct a positive agenda for catching up around Asia, and this has to be the priority for the country. We can't continue to fool around with agreements that are going to go nowhere and waste time and resources. It took the Europeans close to 20 years to negotiate with Mercosur. We're trying to negotiate with the Americans. We have to begin thinking about how to negotiate with China. We have the TPP and all these agreements in Asia. We still haven't finished CETA, and we're going to look at trying to spend a 20-year process with a bloc that used to include Venezuela?