Thank you, Mr. Chair.
Both members have raised some very important points.
I think the data on trade, particularly in automotive, with the 153:1 ratio, speaks to the extreme difficulty in selling cars into the Korean market.
I am not certain that a trade agreement can actually address societal barriers. It is very difficult to design a trade treaty to actually get at that. Trade treaties are designed to get at government measures. When you have an industrial strategy that's based around very close ties between government and national industrial champions, it's very difficult to get at that through a trade treaty. The provisions that have been included in the U.S. free trade agreement I don't think will be effective, and I think that's the conclusion of many in the U.S. Congress.
Both members have pointed to what is basically the high job content of our imports from a country like Korea and the relatively low job content of our resource exports. But I think it's important--and the resource sector is doing very well--not to put all our eggs in that basket. The manufacturing sector, as has been stated, is going through a very difficult time. This is not really the moment to be piling more misery on them.
There have been some very serious warnings issued--as I said, by Ford last week--and these are things that Canadians have to take very seriously. If they are saying that they are prepared to re-evaluate their investment position in Canada over this particular deal, that is a very serious matter.