Francis Drouin on Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act

In the House of Commons on February 3rd, 2017. See this statement in context.

Canada-European Union Comprehensive Economic and Trade Agreement Implementation ActGovernment Orders

February 3rd, 2017 / 12:15 p.m.

Liberal

Francis Drouin Liberal Glengarry—Prescott—Russell, ON

Mr. Speaker, I thank my hon. colleague for his question.

Being the finance critic, he must understand that we compare apples to apples, not to oranges. The compensation he is talking about covered two agreements, CETA and the TPP. The TPP has not been signed or ratified, so obviously, the numbers are different.

The estimated impact on our dairy producers under CETA is 1.4% compared to a 3.25% hit with the TPP. It is clearly not the same thing.

I am pleased to announce that $100 million will be available to our processors and that $250 million will be available to our dairy producers to help them make the transition and become more competitive.

I thank my colleague for his question, but he is not comparing the same things.

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