Mr. Speaker, I am delighted and very proud to rise in the House today to speak in favour of Bill C-41, An Act to implement the Free Trade Agreement between Canada and the Republic of Korea. I would like to congratulate the minister for his work on this file.
The vast majority of Koreans who live in Quebec live in my riding. I speak with them a lot, and I take part in many of their activities. This agreement was a frequent topic of conversation in recent months. They are proud that such a free trade agreement has been concluded with Canada. They are very happy. This Thursday, I will be in Montreal with them to celebrate the Republic of Korea's national day. I am sure that we will have some very rewarding discussions about this agreement.
This will be the first time that the NDP will vote in favour of a free trade agreement because the NDP has a very rigorous position on this. We use three key criteria to support or reject this kind of opening up of markets, which will be the focus of my speech.
First, the proposed partner must have utmost respect for democracy and human rights, as well as adequate environmental and labour standards. The partner must basically share Canadian values. If those criteria are not met, the country must be on its way to meeting them.
Second, we look at whether the proposed partner's economy is of significant or strategic value to Canada. Finally, the terms of the agreement must be satisfactory.
In this case, the NDP feels that this free trade agreement has net benefits for Canada. I will address these benefits sector by sector in my speech.
The reason why we have been opposed to most free trade agreements, whether under the Conservatives or in the past, is that the environmental, human rights and labour law criteria were not met. To me and my party, entering into a free trade agreement with a country is a lever that Canada can use to raise the standard of living of people in the country. South Korea is a very democratic country with a high rate of unionization. It upholds human rights and is quite advanced in green technology.
Since its transition from a dictatorship to civilian rule in 1987, South Korea has become a vibrant, multi-party democracy with a very active trade union movement. South Korea's economy made it possible to industrialize the country and raise the standard of living of the Korean people.
Two years ago, I travelled to Asia with some of my colleagues in the House. We went to Thailand and Cambodia. I found that the standard of living in Asian countries is unfortunately not adequate sometimes. The leaders of those countries must raise the bar, because the world is becoming more industrialized and is developing more and more positively. That is why Canada must do its part on the world stage. I am glad that we are signing an agreement with a country that is well aware of that.
South Korea is currently ranked 15th on the human development index, the highest ranking of all East Asian countries. South Korea has introduced social programs and sound rule of law. It has low levels of corruption and provides high access to quality education. South Korea has the highest level of post-secondary education participation in the OECD. That is quite impressive, and I congratulate them.
Furthermore, Korea has emerged as a world leader in renewable energy and green technology. Canada could increase its trade with Korea in this important sector. Canada should be thinking more about the green economy and renewable resources. Perhaps we could learn from Korea.
The right to unionize is very important to us, and Korea allows that. Here, convenience store owners are going out of business because they are not allowed to unionize. In contrast, Korea is trying to encourage people to unionize and have good working conditions, specifically humane working conditions, and decent wages. We are very proud of that aspect of Korea.
We are still wondering if this proposed partner's economy is of significant and strategic value to Canada. As I said earlier, Korea is Canada's seventh-largest trade partner and its third-largest in Asia, behind China and Japan. Canada already does a great deal of trade with those countries.
In 2013, Canadian exports to South Korea were valued at $3.4 billion, while South Korean exports to Canada were worth $7.3 billion. Canada and Korea already do a fair bit of trade. Canada imports roughly the same amount from Korea as it does from the United Kingdom. Our exports to Korea are about the same as what we export to France. Thus, it is already a reliable market.
South Korea is an important player in Asia's global supply chain. In fact, South Korea is the gateway to Asia. A free trade agreement will allow Canada to potentially discover new markets through this country.
However, there is a caveat. Right now, Canada and South Korea have complementary markets. To date, the two countries have not developed the same specialities.
Many sectors have already indicated that they are in favour of this free trade agreement, including some very significant segments of the manufacturing industry. For example, the Aerospace Industries Association of Canada has indicated that it will benefit from the agreement. Bombardier, in my riding, is also very happy about the agreement. The Aluminum Association of Canada and the Mining Association of Canada, which represent heavy industry, have said that this is a good agreement. The agreement will certainly be good for wood products. By all accounts, Canada will be able to export many forestry products. Canada will also have to expand its agricultural sector. The food processing, seafood and high-tech sectors have already indicated that they support the free trade agreement and that it will be beneficial for them.
The terms of a free trade agreement are the third criterion the NDP uses to determine whether it will support that agreement or not. For example, what will the agreement do for jobs in Canada? It will level the playing field for Canadian workers and Canadian businesses that export their products to South Korea. Ever since the European Union and the United States signed free trade agreements with Korea, Canadian exporters have been losing market share. We are going to try to gain it back.
Every year, Korea's tariffs are reduced for European Union and United States exporters. Right now, tariffs are costing Canadian producers hundreds of millions of dollars a year. We are going to try to recover that money.
Since I only have a minute left, I cannot talk about all of the sectors that I wanted to. Personally, I support the agreement. Had the NDP negotiated this agreement, we would have made some small changes. My colleagues spoke about the automotive industry, which may be affected. Parliamentarians will be responsible for discussing this situation and finding measures to help that industry. The automotive industry provides good jobs, and we must make sure that those jobs are not lost. I admit that I am a bit concerned about that.
I would like to state once again that I will vote in favour of the agreement and that I am proud of it. I am now ready to answer my colleagues' questions.