Mr. Speaker, my question relates to concerns expressed in this and previous Parliaments with respect to Panama being a locale for money laundering and a tax haven.
My concern specifically relates to the protracted negotiations that went over some eight years before the United States was finally able to sign a tax information exchange agreement with Panama. Even within that tax information exchange agreement, the level of disclosure was not ideal. It was certainly less than ideal. In other words, the Panamanians were quite reluctant to provide the level of disclosure the Americans wanted. What concerns me is that after all that, Canada does not yet have a tax information exchange agreement with Panama, and here we are passing legislation with respect to free trade.
Does my colleague opposite share my concern with respect to a tax information exchange and entering into a closer business relationship with a country where these concerns with respect to money laundering and a tax haven have been expressed?