Canada-Korea Economic Growth and Prosperity Act
Mr. Speaker, I would like to assure the hon. member that, as I said in my remarks, the wood and wood products sector would be a huge beneficiary as a result of this agreement. That is what we love about this agreement. I am sure the one in five jobs in his riding that are due to trade will see benefits. Wood products have a 5% tariff rate, up to 10% for finished wood products and plywood, those sort of products. I used this example in my remarks, that the finished wood products, the higher value added—so we are getting two levels of job creation from this product—are already accessing that market, because Canadian finished wood products are among the best in the world, but they have a 10% duty.
Viceroy Homes, which is a neighbour of my riding in Ontario and has employment in B.C., would double its workforce in the next 10 years as a result of this new market alone. It has a beachhead in these markets, but that beachhead was made with a 10% burden on its back. We would get these tariffs eliminated. That would only lead to more jobs across Canada, including in the member’s riding.