Mr. Speaker, I listened very carefully to the minister's remarks. I have two specific questions for the minister.
The first question is with respect to the free trade agreement itself. In his remarks he mentioned that it is simply a generation one agreement and deals strictly with goods. He alluded to the fact that in 2007 there was approximately $13 billion worth of two-way trade, in terms of goods. However, there is also tremendous opportunity in the investment regime, as well; approximately $24 billion worth of two-way investment between Canada and the EFTA countries.
Would he speak to the fact that this deal does not specifically address that and what steps is the government taking to deal with that?
The second question is with respect to the issue around shipbuilding. I think that is a very important issue that has been raised by the Liberal Party, in the Liberal caucuses; specifically, the Atlantic caucus, which is standing up for shipbuilders.
The minister has been very clear about the concerns around that, as well, but the government has only proposed a $50 million renewal of Industry Canada's structured financing facilities. Does he feel that $50 million is sufficient to help the industry transition when the tariffs are reduced?