Mr. Speaker, last week, the Chartered Professional Accountants of Canada and their South Korean counterparts, the Korean Institute of Certified Public Accountants, announced a memorandum of co-operation that strengthens relations between the Canadian and South Korean accounting professions. It identifies areas of joint interest for future collaboration, such as professional education and best practices in member regulation.
This memorandum of co-operation was proposed during the Minister of International Trade's latest trade mission in South Korea. It partly evolved from the Canada-Korea free trade agreement that was implemented earlier this year. The two accounting organizations believe that the profession can play a positive role in business relationships between the two countries.
As a CPA myself, I am proud that those in my profession are capitalizing on our government's aggressive pro-trade agenda to seek global opportunities, and I want to congratulate them on their efforts. I encourage other organizations and businesses to carefully consider the tremendous opportunities available to them under Canada's free trade agreements and our global markets action plan.