Thank you, Don, for I think quite a thorough presentation. There's a lot of good information in this.
In beginning, though, I do have to say that while we welcome the negotiations with India and we hope they're fruitful, we do have concerns about the amount of focus around the world and because of that--either the travel or focus, we don't know which--the government seems to be losing sight of where we're currently trading. We've found the minister disappointed and surprised three times now on Buy American and on the new fee structures on sea and air going into the United States. We're concerned that the government tends to be focusing on the potential exports in the future while we're losing ground in some of our current markets.
We want to put on the record that the government needs not to lose ground in regard to where we currently are but to gain ground in new negotiations. It's the same with South Korea. People who have come before this committee are very concerned that the U.S. is going to have a negotiation and a trade agreement with South Korea done, and we're going to be out of that market, because we're not negotiating the way we ought to be. We could lose upwards of $1 billion worth of trade. This is especially important in the hog and beef industry. So I need to point that out in the beginning.
I want to follow up on Mr. Keddy's point about decisions being made at the state level. Do you know at this stage what the process will be on both sides? On the CEPA, we're concerned about our lack of involvement while the European Parliament is involved: what's the process here? What's the information flow to parliamentarians in both countries? What's the ratification process expected to be?