Canada-Korea Economic Growth and Prosperity Act

Mr. Speaker, I did address that direct question in the beginning of my remarks. We are actually following directly on the heels of a lot of those partners, including the U.S., and there has been a drop in exports from 2012 until now, when we have a trade deal close to completion.

The important thing to remember is that, in negotiation, Canada is going to stay at the table until it has a deal that is in the net national interest of all of our exporters in all of our sectors. It would have been imprudent to rush a deal just because the Americans had one. I will tell members why. We needed better outcomes on agriculture, and we secured them. More importantly, on autos, we have a better dispute resolution process for non-tariff barriers than the U.S. was able to negotiate, because we could use their negotiated outcome as a reference point.

Our permanent dispute resolution procedures are far superior, so not only is this a well-timed deal, but it is a better deal.

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