Madam Speaker, I would like to congratulate the hon. member for quite a far-flung speech. Not too many people can go from Adam Smith to current economic theory in this House.
I want to ask him a little about the auto sector, knowing that he comes from that area. He mentioned that the Canadian auto sector did very well in the 1970s. He attributed that to Canada's health care system, which no doubt played a role. I would argue that the Auto Pact actually played a much larger role in building Canada's auto industry at the time, which is a form of managed trade as opposed to free trade.
The TPP would lower the rules of origin so that the content of a car made in one of the TPP countries that qualifies for tariff-free import into Canada would be less than 50%. That means that a car made 50% in Malaysia or Vietnam, that is maybe contributed to from China, because it only has to be 50%, or slightly less than that, could come into Canada tariff free. I wonder if he could tell us how a car that, say, has 45% Chinese content and 55% Vietnamese or Malaysian content, with their low wages and lack of standards and government programs in those countries, would affect the competitive abilities of the carmakers in his region?