Mr. Speaker, I would like to begin by welcoming all my colleagues on all sides of the House back from their summer. I hope they enjoyed it as much as I did. Like many of them, we attended fairs, we did farmers markets, we did parades, we met with constituents, and championed causes. I was very happy to visit all communities in my riding from Dorset and Cardiff in the north and northeast to Seagrave and Millbrook to the south, and many other towns in between. Like every other summer, I ate way too much Kawartha Dairy ice cream. I am looking forward to Thanksgiving when only the gravy and pie can make me feel less guilty about my summer indulgences.
However, today I am pleased to be back to speak to Bill C-13. The bill would implement the trade facilitation agreement concluded by our previous Conservative government at the World Trade Organization's ninth ministerial conference in Bali in December 2013. I hope the Liberal government will continue to build on this record of international trade.
Bill C-13 would create jobs and opportunities for Canadians. It would simplify customs procedures, reduce red tape, expedite the release and clearance of goods, reduce costs associated with processing, and make international trade more predictable for Canadians. It would help protect jobs, not only for Canadians but also in jurisdictions right around the world.
As we all know, Canada is a trading nation. We have a rich history in the development of trade. From the Hudson's Bay Company to our oil fields in Alberta, it has all contributed to the Canada that we know and love today.
The TFA will be the first multilateral trade agreement concluded since the WTO was established over 20 years ago. Once it enters into force, global merchandise exports are estimated to increase by $750 billion to $1 trillion per year. The exports of developed economies are estimated to increase by $310 billion to $580 billion per year. The overall boost to the world export growth is estimated to be up to 2.7% and 21 million jobs created. That is just shy of the population of Ontario and Quebec. However, these jobs will not just be in developed nations like Canada; they will be spread right across the globe. It is important that Canada act quickly on trade matters to show the world that Canada is open to the world for business.
The TFA will enter into force once two-thirds of WTO members have completed their domestic ratification process. Currently we sit at 81. We need 108 of those members. So far, those include EU, United States, and Japan. Since June 2016, the following nations have ratified the agreement: Madagascar, Senegal, Moldova, Saudi Arabia, Saint Kitts and Nevis, El Salvador, Honduras, Peru, Uruguay, and Mexico. That is just since June of this year. Many other nations have already ratified the agreement: India, China, Turkey, and New Zealand just to name a few.
As members can see, this would not benefit just one or two nations. Bill C-13 would benefit countries and people right across the globe, including people in our hometowns, and my hometowns of Bobcaygeon and Fenelon Falls. In fact, this agreement would reduce total trade costs by more than 14% for low-income countries, more than 15% for middle-income countries, and more than 13% for upper middle-income countries.
To quote the World Trade Report 2015:
The TFA is groundbreaking because it provides for assistance to developing and least-developed countries to help them implement the Agreement. The Trade Facilitation Agreement Facility, launched by the WTO in July 2014, is designed to help deliver this support to them.... WTO work on trade facilitation culminated in the adoption of the Trade Facilitation Agreement...at the WTO’s Ninth Ministerial Conference in Bali in December 2013. It is the first multilateral agreement since the establishment of the WTO in 1995.
We all know that Canada is a trading nation. We cannot afford to allow ourselves to be alienated. We cannot afford to exclude ourselves from these multinational agreements. Our refusal to be involved would put Canadians at a distinct disadvantage in international trade when compared to nations with bilateral or multilateral agreements. Our previous government knew this, which was why we were responsible for signing agreements across the globe. We understood the importance of trade, which was why we worked so hard to ensure that Canadians had access to large and growing markets. The TFA will introduce further rules and regulations that will level the playing field for Canadian businesses.
I want to take a minute to relate this back to my riding. My home riding, like many members' ridings, is filled with small and medium-sized businesses. There are many local businesses across Haliburton—Kawartha Lakes—Brock that would benefit from the TFA and other trade deals. These deals would allow farmers in Cannington, Kirkfield, and Bethany to export their products abroad and would give businesses like Kawartha Dairy a level playing field to expand and create opportunities for Canadians. We as parliamentarians need to ensure that Canadians are given the opportunity and ability. Agreements like the TFA and TPP would do just that.
I am pleased to see that the Liberal government introduced this bill. I hope to have that signed, and once it is done I hope the Liberals continue on other agreements, like the TPP, which I mention many times. As we all know, the TPP is an international trade agreement. It represents a market of almost 800 million potential customers, with a combined GDP of $29 trillion. It is projected that the TPP would boost Canada's GDP by $4.3 billion by 2040. Staying out of the TPP would likely lead to a reported $5.3 billion in GDP losses, according to the Global Affairs Canada website.
There is a very strong case to be made for ratification. The government needs to take action and ratify the TPP to ensure that hard-working Canadians have not only the opportunity but the ability to prosper as well. In Canada, one in five jobs are directly linked to exports. Canadians cannot afford to be left out of this deal. Trade can grow our economy without spending billions of dollars that we do not have.
I do not normally find myself in agreement with the members opposite, but I am happy to see the Liberals are continuing to build on our previous government's accomplishments, of course regarding trade. I hope that this deal is signed and that our colleagues across the floor will ratify the TPP as soon as possible.
If the Liberal government were serious about trade, it would adhere to the recent G7 leaders' declaration and commit to ratifying the TPP, independent of the United States. That would ensure that Canadians are given a strong position to grow and expand their businesses in the future, putting something into place that would lower trade barriers and increase market access, which will be critical for the success of Canadian businesses and the protection of Canadian jobs.