Chair, I want to thank the member for that really important question. That is a question I know Canadian businesses are asking based on the geopolitical environment that is changing.
First of all, I should start off by indicating that the strategy does not indicate that Canadian business should suspend doing trade with China. It is quite clear that businesses should engage and diversify within China, but also outside China.
Minister Joly was very clear that Canadian businesses should take an eyes-wide-open approach to their engagement with China, given the unpredictability that Canadian business has witnessed in trade flows with that country—as much as other countries have also experienced unpredictability—but that is a risk assessment that each Canadian business must do.
Diversification of revenue flows by companies doesn't happen overnight. All government can do is set the table in terms of frameworks for trade opportunities through free trade agreements and foreign investment protection agreements, as well as have a focus on where trade promotion and business development dollars should be in order to help Canadian companies concerning their marketing and their business development in order to achieve diversified revenue flows.
That's why the government has been very clear in the Indo-Pacific strategy with creation of an Indo-Pacific trade representative, moving to modernized trade Team Canada missions, as well as the creation of a trade hub or gateway to southeast Asia, and the early progress trade agreement negotiations with India to capitalize on what the IMF executive director says, which is that India and ASEAN are the two regions of the world that are experiencing the fastest economic growth rates. We're trying to set the table to encourage Canadian business to try to at least increase our possibilities of success on diversification of flow.