Mr. Speaker, in a competitive global economy, diversified trade is a path toward economic growth and jobs for all Canadians.
This month, our government successfully negotiated the historic Canada–Korea free trade agreement, Canada's first FTA in Asia. Through tariff reductions, this agreement is projected to boost Canadian exports to South Korea by over 30%, and grow the Canadian economy by $1.7 billion every year. It will also level the playing field with other countries that already enjoy free trade with Korea.
British Columbia, the heart of Canada's Asia-Pacific Gateway, will realize significant benefits for workers and businesses. In fact, the agreement will eliminate tariffs on almost all of B.C.'s exports to Korea, including natural resources, agriculture, seafood, wine, and fruit.
Our government is getting the job done. Our ambitious trade agenda is working, and together we are building a bright future for all Canadians.