Mr. Speaker, it is an honour to rise today to speak to such an important piece of legislation, not just for Canada and for the people of Canada but, indeed, for Ukraine.
In my comments and remarks on this today, I will indicate why I think it is so incredibly important for us to do this, particularly right now, while Ukraine is still engaged in this conflict, which was entirely provoked by Vladimir Putin and has affected their livelihoods to such a high degree.
What we know, for starters, is that Bill C-57 is a modernization of an existing agreement that is already in place with Ukraine for free trade. This is an opportunity for us to modernize what is in place, to bring in new, very important language to the agreement, which reflects the changes in trade we are seeing throughout the world right now, in Canada and everywhere else.
I think it is also extremely important to talk about the fact that Ukraine's economy decreased by roughly 50% just within the last year. Members can imagine the impact of that if it were to happen to Canada. We can visualize how devastating that would be.
As it is a key ally of ours, I think it is extremely important that we prepare for what is next for Ukraine. When they ultimately do win this conflict, this war with Russia, we will have made sure that all of the tools are in place so that Ukraine can come bouncing back as quickly and effectively as possible to, most importantly, rebuild their country and their economy, as it relates to the outputs they had.
This is where Canada has an advantage. I should note that Canada is the first country to modernize its free trade agreement with Ukraine since the war broke out a year and a half ago. Why I see this as being so important is that, to make sure that Ukraine can hit the ground running when the time comes, we need to make sure that these agreements are in place.
I am sure that many members of the House are aware that the Canadian company Aecon has already lined up contracts to help Ukraine rebuild. This is going to be some of the economic advantages for Canada. On the other side of things, we are going to see advantages for Ukraine, as they have access to parts of the Canadian market.
My understanding is that the existing trade agreement already provides the elimination of 99.9% of import duties from Ukraine. This means that the goods and services that Ukraine will be trying to sell outside of their borders, after and during the time it is rebuilding, would have an open market to Canada. This is incredibly important because, when a country is going through that process of rebuilding, as Ukraine ultimately will be, they are going to be looking for open doors in the world.
For Canada to be at the forefront of that and to say that we are here to support Ukraine through trade, commerce and opportunities, new opportunities, in a mutual way that benefits both countries is extremely important.
We know that trade, generally speaking, increases the quality of life in both the respective countries that are trading. Indeed, that is why we see trade happening throughout the world, and that is why the Liberal Party and the Liberal government is so supportive of free trade. It is one of the reasons why we have introduced and signed more free trade agreements than any other government in Canadian history. it is because we strongly believe and see the value in trade as it exists with other countries.
There is a net benefit, at the end of the day, for both countries, if those trade relationships are set up in a way that is designed to be prosperous for both, so that both can prosper and neither is at a particular disadvantage. I, like others, really hope we can see this bill get over the finish line before the end of this year, by Christmas. That would really put Ukraine in the position that it needs to be in.
When I say that I hope the bill gets past the finish line, I mean I hope this bill finishes the process in this chamber, gets to the Senate, finishes its process in the Senate, and then it can be signed by the Governor General as an act of Parliament by that point.
I genuinely hope we can put aside partisanship. I certainly am not one to shy away from being partisan at the right opportunities. I certainly am, but on this particular issue, I think it is much greater than just Canada. It is much greater than just one political party or another political party. This is an issue, quite frankly, about supporting Ukraine with everything we have been doing. I think it is absolutely critical that this be one of those things.
For all we have done in terms of support, such as training troops, being there for Ukraine and providing whatever we can while it fights the war, this is probably one of the most important things we could do to set Ukraine up for success when it wins the war. Really, what this ultimately comes down to is making sure that it is successful.
When I think of Canada being the first to modernize this agreement, I am reminded of when I was on the national defence committee from 2015 to 2019. I had the opportunity to travel while we were studying Operation Unifier, and another operation, the name of which escapes me right now. We travelled to Ukraine, and of course, this is when the conflict in Crimea was ongoing, and we would hear from the various leaders in Ukraine.
I can vividly recall one conversation our representatives from the defence committee had while sitting at a table with the chair of the Ukraine defence committee. He made a point of telling us that the importance of Canada's role in being there was so much greater than anything it could provide them militarily.
The importance of Canada being there means that other countries are following suit. We could even see that in the brigade Canada was leading. There were a number of countries lining up behind it that wanted to be part of what Canada was committed to. It really struck me when I heard those words what we can signal to the rest of the world when we are involved in something. Canada has a reputation throughout the world of being a country that can really lead the way and that can show good judgment.
When I think of that, and when I think of this agreement, it is another way we can show the world that, yes, Ukraine is going through a conflict right now. We will be there to support it, but we also want to make sure we are there to help it rebuild when this is over and when it ultimately wins the war.
What we are seeing with this agreement is, in my opinion, another opportunity for Canada to show the way, to show leadership, so we can encourage other countries throughout the world to do the same thing. We can encourage others to sit down with Ukraine and talk about how they can also participate in open and free access to Ukraine's economy, and have it reciprocated.
I see this not as just another free trade agreement. I see it as Canada's opportunity to, once again, show leadership in this world. That is why being the first country to modernize its agreement with Ukraine, I think, is so incredibly important.
As the parliamentary secretary to the government House leader said previously, I really hope we can get this past the finish line here, in the Senate, and with the Governor General by Christmas, so we can show that leadership not only to Ukraine but also throughout the world.