Mr. Chairman, during the course of the testimony we heard about the Canada-Korea agreement. The concept of currency manipulation and use in the context of trade came up. I think the Canadian Council of Chief Executives talked about it. I know that some auto companies have also mentioned it.
I want to read into the record the motion that I will be tabling for this committee's consideration:
That, pursuant to Standing Order 108(2), the Committee undertake a study of the use of currency intervention by states throughout the world to create advantages in international trade, policy options available to address unfair currency interventions, and report its findings back to the House. The focus of this study should include: a) investigating the challenges and opportunities in using trade and investment agreements to address currency intervention; b) examining the status of progress at multilateral bodies in developing fair international rules on currency intervention; and c) balancing respect for sovereign nations in the management of their monetary policy with the development of fair international rules to level the playing field for exporters in all countries.
I look forward, Mr. Chairman, to discussing this motion in committee business and receiving the unanimous support of all committee members at that time. I did want to get on the record on this because I think it came up as an important issue in this study and I think it's something this committee would be well advised to study.