As you mentioned, it's an altogether different agreement from the one with the EU. We are talking about a market that's already highly integrated.
Market-wise, as Ms. Tranberg indicated, Canada exports 45% of all its beef production, with 75% to 80% of those exports going to the U.S. Keep in mind that the base price is set in the U.S., so the free trade agreement is important to us.
It needs to be ratified quickly and, if possible, unanimously by every member in the House. Given that the agreement will go a long way towards creating jobs and adding value to the economy, it's very important.
I realize that beef production in Quebec doesn't account for nearly as much, representing 10% of Canada's production. Similarly, Canada's beef production represents 10% of North American beef production, if we compare it with that of the U.S. The agreement is extremely important, both for cattle farmers and for the industry. It's an established market and trading relationship.