Yes, it's $5 billion.
In terms of broader transportation trends, the number one global trend in transportation is supply chain integration. What this means is the interoperability of hard assets, which is infrastructure; connectedness, which is making sure that everything works together; funding of joint projects, such as we've seen at ports; cross-border harmonization, which is also something we're active on here in Canada; information technology and systems that can talk to one another to get information; and work practices and safety. We also have, related to that, things like P3s, various policies, regulations, red tape, and so on.
Part of this supply chain infrastructure issue is capacity. I always like to point to the Keystone pipeline lesson. If you don't invest in that infrastructure, at some point you will have more product than capacity to deliver it. It's important to have adequate infrastructure for planning in advance.
This leads me to my bottom line, which is that railway supply chain enhancements are going to be critical for enabling the $650 billion in new resource development planned over the next 10 years in Canada. That's a really important number to keep in mind—$650 billion. That's a big number.
Turning for a moment to the economic partnership with Japan, I can start by telling you that our top exports to Japan are coal, seeds and grain, minerals, livestock, and forest products. The top imports, not surprisingly, are automobiles, auto parts, construction machinery, computers and information technology, and various machinery and manufacturing.
You can see on this chart from Canadian Pacific Railway that 39% of its revenues are from global shipments. This is significant growth for that company. It's more or less the average for the industry, which shows that we're really moving from a north-south trade pattern to very much an east-west trade pattern. That is consistent with a focus on the supply chain overall and on supply chain partnerships.
The bottom line is that rail can facilitate growth in Canada and can support the agreement's objectives.
I'll end by asking a question. Will Canada be ready for its success?
In 1972, Walmart had $44 million in sales. Because they had ambitious plans, as do we, by 1992 they had $44 billion in sales. Today they are the number one importer into North America.
We have to be ready for an order of magnitude of success in this country. To do that, we're going to have to keep in mind that you have to deliver your product. To do that, you have to have the infrastructure in place. That's a very complicated thing, as I mentioned, with supply chain integration. There are a lot of aspects to it. What really underlies it all is supply chain collaboration.
That's my presentation and I'd be happy to take any questions.