Mr. Speaker, there is no question that the United States is our most important trading market by a country mile. In fact, the importance of the relationship is spelled out in the value of trade on a daily basis, which exceeds $1.4 billion. Therefore, in terms of merchandise trade, in 2010 Canada exported $339.4 billion internationally of which 74.9% was with the United States. The United Kingdom, our second most important trading partner, came in at 4.1% of the exports. China was 3.3%. After that, there was Japan, Mexico, Germany, Korea, Netherlands and Brazil. Those are the top 10.
I want to make one point with respect to Korea, which comes back to what I said in my remarks earlier. The government talk about all these trade agreements, but it has not done the job in terms of the established areas where we have trade. Korea is a $1 billion market for our beef and hogs, especially hogs. The United States now has an agreement, signed and in place in early May. As a result, within two years, because its tariffs are reducing and ours are remaining in place, we are going to be displaced in that marketplace.
The government had better get off its butt and get a Canadian trade agreement with Korea so we secure that market. It is a good market for Canadians and we do not want to lose it.