Madam Speaker, today I rise to support this legislation, which would welcome the United Kingdom into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or, as we know it, the CPTPP. This debate gives us a chance to reflect on what trade really means to communities across Canada.
Today, I want to focus on my community of Mississauga, a city that I am proud to represent in this chamber and in government. It is a shining example of Canada's diversity, innovation and economic vitality.
Mississauga is home to a tremendous business community, from manufacturers and tech start-ups to food processors and service providers. Many of these businesses have built their success on serving local and regional markets, but increasingly, they are looking beyond our borders, recognizing that to be able to grow, they need to reach customers around the world.
Some businesses have already taken that leap. They are exporting goods and services across continents, tapping into new markets and growing their footprint. These success stories are so inspiring, and I have met many of these business owners. They show what is possible with the right products, the right team and the right opportunities.
However, I know there are many businesses in Mississauga that have not exported yet. They may have thought about and considered it but perhaps are hesitant. I can understand that exporting can be a very big step for a business.
I failed to mention that I will be sharing my time with the member for Cape Spear, whose comments we will welcome on this legislation.
With regard to exporting, what businesses have to think about involves the risk of exporting, uncertainty, questions about tariffs, regulations, language barriers, cultural differences, shipping logistics, payment terms and more. For small and medium-sized businesses, especially those operated primarily in local markets, the idea of exporting can feel overwhelming, but it does not have to be this way. Our government is here to help and to be in their corner.
This is where Canada's trade diversification strategy truly shines, not only through agreements like the CPTPP, but through the strong network of trade commissioners across the country and around the world who work tirelessly to support Canadian businesses. Trade commissioners are on the ground in these key markets around the world. They provide personalized advice, market intelligence and connections. They help businesses understand how to use trade agreements to their advantage, to identify potential customers and to navigate through regulatory requirements. They open doors that previously seemed shut.
For example, a manufacturing firm in Mississauga that produces packaging solutions has probably never thought about selling to Japan or Vietnam, which may need their products and services, but a trade commissioner could introduce it to these potential partners, explain how tariff reductions under the CPTPP would improve their competitiveness and assist with market-entry strategies. That personalized boots-on-the-ground support reduces risk and gives entrepreneurs the confidence they need to take the leap into exporting.
Trade agreements like the CPTPP play a vital role. By reducing or eliminating tariffs on a wide range of goods and services across the 11 countries that are part of the CPTPP, covering nearly 500 million consumers with a combined GDP of more than $13 trillion, the CPTPP creates a more level playing field for Canadian businesses and gives them more certainty. This means products manufactured in Mississauga, whether in advanced machinery, food production or software services, become more affordable and attractive to buyers in these countries. It also means Canadian companies benefit from common standards on labour, the environment and intellectual property protection, which help ensure fair competition.
Trade diversification is essential for businesses in Mississauga and across our great country of Canada. The global economy is complex; it is ever-changing. Relying too heavily on a single market can leave companies and entire communities vulnerable to shocks, which we have seen in recent times.
We have seen this during recent disruptions, whether from the COVID-19 pandemic, trade disputes or geopolitical tensions. By diversifying their markets, companies can spread the risk, tap into new demand and increase their resilience. That is why the national goal of doubling Canada's non-U.S. exports over the next decade matters so much to Mississauga and Canada. It is not just a number; it is a target that represents real opportunities for our businesses, workers and local economies. For my city and our country, it means more manufacturers exporting advanced products, more tech start-ups breaking into global markets and more service providers creating high-quality jobs that benefit families right here at home.
This is especially important for small and medium-sized businesses, which make up the backbone of Mississauga's economy. I was delighted to have the Mississauga Board of Trade appear as a witness at the trade committee here in Ottawa, and it explained how important diversification is for small and medium-sized enterprises in Mississauga. These companies often do not have the resources to absorb big shocks or to easily pivot without support. Trade agreements combined with government services can help level the playing field to ensure these businesses can fully participate and chart their paths to growth.
It is not just the exporters that benefit. The jobs created by increased exports ripple through the economy, from manufacturing floors to supply chains to marketing teams, with all of them working together. When these businesses grow, they hire more people, invest in innovation and contribute to a more vibrant local economy. This also helps with something we have been challenged with for a long time, which is our productivity. These companies become much more productive when they invest themselves in looking at new markets and staying as competitive as they possibly can be.
Mississauga's diversity is a major strength. Our city is home to people from all over the world, many with deep knowledge of languages, cultures and business practices in the countries where the CPTPP operates. This gives our businesses a unique advantage, one that can be leveraged with the right tools and supports.
I will now go to the United Kingdom. Welcoming the U.K. into the CPTPP adds an important new dimension to Canada's trade diversification strategy. The U.K. is a major economy with long-standing ties to Canada. Its accession expands the agreement's reach and opens new opportunities for Canadian businesses, including those in Mississauga.
U.K. inclusion also sends a strong message to the world that the CPTPP is a high-standard, inclusive trade pact that continues to grow. This stability and scale give exporters greater confidence and make it easier for them to engage in international markets.
Supporting this legislation means supporting businesses in Mississauga that are ready to grow, want to take the next step and need the right tools to make it happen. It means backing the government's efforts to build a trade ecosystem, agreements, services and infrastructure that help Canadian entrepreneurs reduce risk and seize these opportunities. It means investing in communities and workers by creating the conditions for sustainable economic growth.
Mississauga's story is Canada's story. It is a story of innovation, diversity, resilience and ambition. The CPTPP and U.K. accession are critical parts of that story. Let us give our businesses the tools they need to write their next chapter, from the main street to the global stage.
We have set the goal of increasing our international trade beyond the United States by over 50% over the next decade. That would be from $300 billion, where we are today with exports, to $600 billion for Canada. What does that mean? It means jobs in our communities. It means a stronger Canada, a Canada strong.