moved for leave to introduce Bill C-364, an act to provide compensation to Canadian industry associations and to Canadian exporters who incur financial losses as a result of unjustified restrictive trade actions by foreign governments which are signatories to trade agreements involving Canadian products.
Madam Speaker, the title of my private member's bill is “Trade Compensation Act”. The intent of this act is twofold: first, to repay Canadian industry exporters their legal fees if they are subject to unjustified trade restrictions by a foreign power; and second, for the government to provide loan guarantees if a foreign government indeed requires a security deposit until the conclusion of a trade disagreement.
This bill is directed primarily toward those exporters who deal with foreign powers, specifically in this case toward farmers, on BSE, and toward softwood lumber.
(Motions deemed adopted, bill read the first time and printed)