Mr. Speaker, I think there are a number of chapters in the TPP that are unique to the TPP. I talked about cultural downloads, digital downloads, and a lot of different things like that. The rules and regulations, when it comes to moving products around the world, address what we really have here, which are global supply chains. It is not just raw materials going to Japan. It is goods that go back and forth to finish them up.
Canada is very good at certain things. We are not as good at other things. We export between 50% and 90% of what we produce on the agricultural side: what we raise, grow, and produce. At the same time, we import 50% of what we eat domestically. We have to have good, solid trade corridors for that to happen.
We have to diversify our trade portfolio the same as anyone would diversify a stock portfolio. If we rely strictly on the U.S. market, as we have done for years, when they have a problem, we face the same problem.
CETA, on one hand, is a very aged market, a very mature market. The Pacific Rim, on the other side, of course, takes into account a growing, emerging middle class we will have access to, so between the two, we will have access to some 80% of the global GDP. It is very important that we have both.
It is also very important that we have strength with the TPP countries in our hip pocket if and when we move forward on an agreement with China. The size and scope of the Chinese economy will swallow us whole overnight.
I have often said, from an agricultural standpoint, that if everyone in the middle class in China had a bacon cheeseburger and a beer once a month, we could not supply it. That is the size and scope of that market.
We have to move into that realm with caution. I am a firm believer in doing more with China. It is a tremendous opportunity, but I think we will do it and fare a lot better when we have the strength of the TPP in our hip pocket. It is the same as having the CETA agreement in our hip pocket. In the final days of negotiating the TPP, it was very helpful.