Mr. Speaker, our relationship with Taiwan is increasing. Taiwan is already a significant trading partner, ranking as Canada's fifth-largest trading partner in the Asia-Pacific region. The member would agree with me that this is a growing region of the world.
This is about creating more opportunities for Canadian companies to export. We know that certainty and stability is what business is looking for. When we look at the potential we have with Taiwan, this is certainly the right thing to do. It will create opportunities for Canadian businesses to export more and to create jobs in our country.
It will be beneficial for all Canadians if we can ratify it before the end of the year. Otherwise, we will lose one year of growth in our business with Taiwan.