moved for leave to introduce C-411, An Act to amend the Special Import Measures Act (domestic prices).
Mr. Speaker, it is my privilege to table a bill to amend the Special Import Measures Act.
Canadian trade legislation is outdated, and it does not adequately protect manufacturing companies when they are victims of unfair competition. The proposed legislation will set out the conditions required for deeming whether domestic prices in a country are substantially determined by the government of that country and there is sufficient reason to believe that they are not substantially the same as they would be if they were determined in a competitive market.
We know that among the prohibited activities is dumping, or selling a product for less than its fair value. The passing of this bill will help set out what exactly is dumping, and how to calculate it.
By passing this bill, the Canadian parliament will update trade legislation, give a helping hand to companies suffering from the explosion of imports from emerging economies, help limit the damage caused by the laissez-faire attitude of the government, which has abandoned our manufacturing industry, and surely help save a number of jobs.
(Motions deemed adopted, bill read the first time and printed)