Thank you very much for your presentations.
Mr. Morrison and Ms. Bradley, back in April, the National Cattle Feeders' Association submitted a brief to our committee. In that brief they said:
The most significant immediate benefit that NCFA members would get from the TPP would be greatly improved access to Japan, a market already absorbing Canadian agri-food products worth over $4 billion annually—considerably more than Canadian agri-food shipments to the entire market of the EU. Canadian beef exports to Japan were worth over $100 million in 2014. Canadian beef producers expect to double or triple annual exports to Japan to nearly $300 million.
You mentioned during your presentation that Australia and the U.S.A. are immediate competition to the Canadian market. What might be the impact if the Americans and the Australians ratified TPP and Canada did not, in terms of the competition threat from Australia and the U.S. to Canadian beef exports?