Madam Chair, good morning to you and to the members of the committee.
I'm speaking to you from Singapore, where I arrived today in advance of next week's Canada-in-Asia Conference, an annual event convened here by the Asia Pacific Foundation of Canada that is now in its fourth edition.
Supported by the Government of Canada and over two dozen other partners, this flagship event brings together leaders of businesses and institutions from across Asia and established and aspiring leaders in Asia engagement from across Canada. More than 700 participants attended last year's conference, a majority being from the private sector, with two-thirds coming from across Asia and one-third from Canada. We're on track for similar numbers next week.
I mention this event because it relates directly to my key theme today, which is that CPTPP expansion is an essential opportunity to advance Canada's core strategic interest of building new networks and new coalitions of like-minded middle powers.
Simply put, in a world with our autonomy and reliable access to markets under assault, we need to use whatever levers are available to us to build durable, rules-based trade arrangements with partners that are committed to continuing trade liberalization and resisting economic coercion.
U.K. accession to the CPTPP is important for Canada, because linking the CPTPP to other major trading partners and regional blocs is core to Canada's new strategic needs.
The CPTPP itself is a major asset for Canada, and it is doubly so in our present circumstances. It's a high-quality, comprehensive, state-of-the-art trade agreement among a group of countries that are genuinely committed to trade liberalization. The U.K. is another such country, and the precedent of growing the agreement outside the region is helpful for Canadian interests. The successful integration of the U.K. into the CPTPP signals that a high-standard trade integration is still possible, despite protectionist trends elsewhere in the world. Furthermore, U.K. accession has already been endorsed by nine of the 11 CPTPP members, and continuing delay on the part of Canada risks undermining our credibility as a leading voice in this group.
This is important because we now have other interests in areas such as defence, security and foreign policy, and our influence with these key partners depends in part on our reputation as a reliable, engaged player and a positive force in trade expansion.
The importance of CPTPP for Canada today is such that at the Asia Pacific Foundation of Canada, we've made it a major element of our overall work, which is aimed at supporting Canadians to understand, connect with and succeed in Asia. In 2024, we launched a unique evergreen web portal on which official CPTPP documents and related research are made available to Canadians and a global audience, similar to the University of Toronto's G7 Information Centre. In our current, extraordinary geopolitical context, this work has taken on deeper significance and urgency. Of particular importance is the initiative to create linkages between the CPTPP and the European Union, as well as the Association of Southeast Asian Nations, ASEAN. Canada is uniquely positioned to play a pivotal role in such arrangements.
APF Canada has encouraged such linkages in the past. Prime Minister Carney advanced the idea recently, and some initial progress was made at November's CPTPP Commission meetings in Australia, where joint statements were issued between the CPTPP and the EU and with ASEAN. The sooner we get ratification of U.K. accession fully behind us, the more we can focus on advancing this important agenda.
For Canadian exporters operating or seeking to operate in multiple regions, any progress in harmonizing regulatory requirements across Europe, the U.K. and the Indo-Pacific, even partially, would lower compliance costs and reduce other expensive complexities.
This brings me to my final point: None of this amounts to much if our businesses don't get the information and support they need to benefit from new trade agreements. The federal government, Crown corporations, provincial trade ministries and trade associations must be adequately resourced to follow through with proactive measures assisting Canadian businesses to understand the new opportunities, find new partners and navigate the regulatory requirements in jurisdictions that are new to them.
I thank you for the opportunity to contribute to the committee's deliberations. I look forward to your questions, which I'll be pleased to answer in either official language.