Mr. Speaker, I will be sharing my time with my colleague, the Minister of Indian Affairs and Northern Development.
It is a great honour for me to be here representing the people of Vancouver Kingsway. The privilege has been made greater by the Prime Minister appointing me Minister of Industry.
I am delighted to be speaking in support of the Speech from the Throne. I am delighted to be part of the team that has delivered Canadian economic performance that leads the G-7. I am delighted to be part of a government that has delivered seven consecutive balanced budgets, a substantial program of tax cuts, and a reduced debt burden that will continue to fall over the next decade.
Without this outstanding fiscal and economic performance, a progressive social agenda would be purely academic. There would be no renewal of our health care system, there would be no watershed program to transform cities and communities, and there would be no national program for the care and development of children.
I have a deeply held belief that the pre-eminent role of government is to look to the future. Our most important job is to hand to the members of the next generation a country they can be proud of: a country of opportunity, a country of powerful humanitarian values, a country that leaves no one behind, and a country that draws people and regions together. In other words, a country that is far more than the sum of its parts.
To do this, we need to take our economy to another level. That means taking our competitiveness to another level. It means we have to shockproof our economy. We do face economic threats and challenges. We do face protectionist actions. We do see constant attempts to attract our best companies. We face critical choices. Companies and operations that anchor large clusters of industry are being offered incentives to go elsewhere.
The pulling up of those anchors would have serious consequences for whole regions and whole sectors. We have to fight back. We have to ensure that this country is, by a significant margin, the place to invest for the long haul.
We have some work to do. Our productivity continues to lag behind the United States'. Research and development by private companies is not sufficient to deliver competitive superiority. Infrastructure investments are required to resolve border bottlenecks, not just at the Canada-U.S. border but congestion at our ports and along the corridors leading to ports and border crossings. We are by far the most trade dependent of the G-7 countries. We have the most to gain and the most to lose from the ups and downs of the global marketplace.
We are as a government driving Canadian trade interests at the WTO through NAFTA and through a variety of other mechanisms. We are giving priority to third market development and we are pressing ahead with border security and facilitation issues.
But let us not kid ourselves. There is much that we do not and cannot control. For Canada to be strong, sovereign and independent, there is only one reliable form of insurance. That is the insurance that comes from being the best.
We have to bring our competitive performance to first place. If we are the most trade dependent country, we have to be the most competitive country. That means a quantum improvement in our competitive position. That will not be quick and it will not be easy. It means a margin of competitive advantage has to be attained that will enable us to withstand protectionist actions like softwood lumber, like beef under the guise of BSE, and now pork.
We are not going to be the best by paying our people the least. We are going to be the best by being a technological leader. We are going to be the best by empowering our workforce with the skills and tools it needs to outshine the competition. We have to be at the leading edge of critical scientific developments. We need a cadre of scientific and technical entrepreneurs who can look at science and see commercial opportunity.
We are going to have to regulate smarter and better than anyone. In many cases, our regulatory regimes are complex, duplicative and unresponsive to innovative approaches. We should not lower our standards, but we do need to re-engineer how we regulate. Regulatory costs are largely invisible and they are seldom measured, but I can tell hon. members they are very large.
We are going to have to support critical sectors. I hear many people talking about sunset industries. They used to point at the forest industry as a sunset industry and now I see people pointing at the automotive industry as a sunset industry. I have to say that there really are very few, if any, sunset industries. There are industries that have become globally competitive and there are industries that need to transform to become globally competitive.
We are going to have to maintain and enhance our leadership in “enabling technologies”, such as information and communications technologies, life sciences, nanotechnology and advanced materials. We are going to have to do better than anyone in commercializing and applying science. Canadian businesses, particularly in the small and medium-sized enterprise sector, are not aggressive enough at applying technology to improve the competitiveness of their businesses. We need to fix that.
An economy that is environmentally and economically sustainable is not just desirable, it is essential. Without it we will not be able to carry the freight of social programs that are so vital to Canadians. The Speech from the Throne recognizes these challenges. It signals the priorities that will ensure our next generation receives the torch with a lead, a lead that it too can build on.
I look forward to working with all of the members of the House as we take Canada to a whole new level of competitiveness.