Mr. Speaker, in my colleague's mostly positive speech, he kept slipping between the Korean free trade agreement and the Canada-China FIPA. I am trying to follow where he got lost a bit, but I will focus strictly on Korea, which is the purpose of this debate.
In his comments, he mentioned the U.S. snap-back provision that was provided through the U.S. free trade agreement with Korea. From my understanding of snap-back provisions, they have really limited practical value. I think that when we measure the tariff level of 2.5% between U.S. and Korea against the 6.1% level that we are dealing with in the Canada-Korea relationship, there is a different set of dynamics. The other piece of the snap-back provision, which I think really minimizes its impact, is that it is a 10-year provision in the U.S.-Korea agreement, and it cannot even be used in the first four years.
I wonder if my colleague opposite would comment on where he sees the deficiency in our agreement and the substantive impact that he was referring to.
The other thing I want to mention quickly is that 85% of Canadian production is built for export. I wonder if he would comment on where he sees the impact of that export production impacting this relationship.