Mr. Speaker, our government is known for reducing red tape. We brought forward commissions that would help reduce red tape. We are focused on what we can do to help small, medium, and all businesses succeed. That means reduced red tape. That is part of our effort to protect the interests of the Canadian workforce. That is what we are here to do.
I am pleased to tell the member that the legislation we are here to debate today, economic action plan 2014 act no. 1, would implement all three of those international trademark treaties. This would reduce red tape for Canadian businesses and support our trade agenda. These measures would aid in streamlining the granting and protection of intellectual property rights in Canada and around the world. Harmonizing Canada's intellectual property regime would help Canadian businesses access new markets, lower costs, and draw foreign investment to Canada, while reducing the regulatory burden and red tape.
Our trade minister, our agriculture minister, and many other ministers and members of Parliament have travelled the world trying to gain access to new markets. One of the stumbling blocks has been that we have not been signatories to some of the treaties, like the Madrid one and others. This would help implement that.