I understand there will be a consultation process as well, so I would hope this committee would be a part of that. If it's strictly the minister a lot of other areas need to be explored as well.
One thing that has always irked me a little—we see this in some stories in the media—is that our trade balance is always skewed. The one thing people don't understand is that investments into Canada come under imports. Is there any way to hive that off and have three-way reporting of imports, exports, and investments, so that you don't see that skew in trade balance all the time? I'd love to see that. As you already pointed out, Mr. Morrison, the amount of money coming in from the U.S. is astronomical. We're seeing that now from China, from European countries.
I would also like to see a side-by-side comparison as the new trade agreements are put into play with NAFTA, CETA, TPP—the multilateral ones—that shows a comparison on ISDS, IP, Pharma, and so on, so you can see the evolution of these trade agreements. ISDS, Pharmacare, IP are not new phenomena as the world changes and goes electronic. A comparison among the three as to what is new and how it has evolved, I think would be very helpful.
I think the one thing that businesses have told us over the years, and I think will continue to as we do our consultation on these trade agreements, is that businesses want security, reliability, and predictability, or the investments don't flow. I think ISDS underscores that as we saw with the FIPA we arranged with China. We're now seeing a freer flow of monies back and forth and that's not a bad thing. I think we need to underscore the importance of developing a market like China. I certainly agree with the new government on getting moving on that. Of course we're going to have to do it at our insistence on certain levels. But the FIPA that's been signed, the renminbi hub, the new trade commissioners that are scattered throughout China are certainly the basis for those beginning discussions.
Have you developed a timeline looking forward to that?