Mr. Speaker, I want to say what a great honour it is to follow the eloquence of the hon. member from Hastings—Frontenac—Lennox and Addington, and I will tell the House why. It is that not only does he know what is in the best interests of his constituents in Ontario, but he also knows a great deal as parliamentary secretary about matters relating to agriculture, so I listen to him with great interest.
In fact, I was hoping to ask him a question, but of course other members preceded me. He certainly knows a great deal when it comes to agriculture so I was very interested in his comments. This is a very important issue in terms of the free trade agreement area of the Americas and the kinds of things that Canada needs to do with its neighbours in the western hemisphere. It is a dynamic region. It is something we need to ensure we in Canada do in the best interests of all Canadians.
As has been pointed out, the area itself has eight hundred million people. That is not even one-sixth of the world's population, yet they account for one-third of the world's economic activity. That is a great deal, and that is something we in Canada and we as Canadians need to tap into. It represents, as the hon. member preceding me indicated, $11 trillion. The combined gross domestic product of the Americas, then, is greater than that of the European Union.
It is no wonder, then, that given all these facts the leaders of the western hemisphere believe in the potential here. What we want to do as Canadians and what we want to do as a country is ensure that we tap into this very important area and that we do so effectively on the social, the political and the economic fronts to ensure that we promote democracy, development and growth for all of us, in a manner consistent with what I believe are the values of Canada and ultimately the values that all of us can share.
At the Miami summit in 1994, the leaders ensured and endorsed a declaration and a plan of action that expressed a common commitment to strengthening democracy and creating greater prosperity for everyone. They also committed themselves at that time to practical measures to improve health care, to increase access to quality education and to protect biodiversity. They committed themselves to taking collective action against the scourge of drugs and corruption and to expanding and deepening dialogue with civil society on regional priorities.
At the second summit in Santiago in 1998, this was furthered. The co-operation that had existed in 1994 in Miami was developed even further, more in an incremental fashion but also in a manner consistent with the movement forward that we anticipated would in fact be in place. At that conference in Santiago, leaders once again endorsed action to support development of democratic institutions. Human rights, again a very topical issue, was at the top of the agenda. Also included was enhanced transparency. Of course with that, there was the respect for the rule of law. They gave specific instructions to begin the process of negotiating the free trade area of the Americas.
Once it is complete the FTAA will be the world's largest free trade area. That is something I believe that we in Canada need to keep in focus and keep in mind, because that is huge in terms of social, political and economic realities. We need to remember that.
In short, then, the summit of the Americas process offers numerous opportunities, not only for Canada but for the countries in the western hemisphere. I believe that in the process we will enhance the reputation of Canada and its ability to conduct business and do the kinds of things that are required. It is a huge tangible opportunity for all of us in this area. I think it underscores the commitment of the government, our Prime Minister, the cabinet and indeed all caucus members, to ensure that we export and do the kinds of things that are in the best interests of business and the people who work with business in Canada.
If there is one sector that I want to identify today during my time in the House, it is the service sector, and not only what it means for Canada but what it can do in terms of Canada exporting into that area.
I want to remind you, Mr. Speaker, and all members in the House that the service sector is a key engine of Canada's economy. It is responsible for more than two-thirds of Canada's GDP. We have to think about that for a minute. That is huge in terms of what it represents. Almost three-quarters of employment, 10,500,000 jobs and nearly 90% of all new job creation in Canada, is now directly related to the service sector. Why? It is clear. That is the kind of economy we are in. That is the kind of economy we stand to benefit by and indeed export to that part of the world. It is leading the transformation of the Canadian economy into a knowledge based economy.
More employees in the service sector are highly educated and enjoy high weekly salaries, for example, much beyond the average. Again that is something that underpins our economic security and stability. Services are at the heart of Canada's innovation system. For example, communications, financial services and technical business services are among the most innovative industries in Canada.
As a trading nation, Canada counts on service exports to other countries. In so doing, it strengthens the prosperity for all of us here in Canada. Not counting Canada's direct investment abroad in service companies, Canada is the twelfth largest exporter of services in the world. That is phenomenal if we really think about it. Canada exported $51.8 billion worth of services in 1999 alone. Canadian companies such as SNC-Lavalin, Teleglobe, Enbridge and Hydro-Québec are among the world's leaders in their fields. Their expertise is sought around the world, and rightfully so, because they have so much to offer.
Though service exports only account for 12% of total Canadian exports, Canada's trade in services is increasing at a much greater pace than is its trade in other areas. Given the importance of trade for our country, we can say without fear of exaggeration, I believe, that improving market access for our service providers abroad is vital for our economy here at home and for the prosperity we enjoy.
The argument for supporting Canada's service exports is particularly eloquent when it comes to the Americas. Canada's commercial services exports to FTAA countries, excluding the U.S. and Mexico, were worth $1.9 billion in 1998, up from $787 million in 1993, which shows an increase of 19% in terms of what potential exists.
To wrap up, all I am saying by way of a quick conclusion is this. Countries like Argentina, Chile, Costa Rica, Venezuela, Columbia and Brazil are all key existing or potential export markets for Canada. This is something that all of us should be supporting. I hope that all of us in the House do, because it stands to underpin the very foundation of Canada's economy.
I know that at the end of the day people from wherever they are in Canada expect us as a government to ensure the prosperity and sustainability of the economy here in Canada. One of the best ways to do it is to open up the borders for trade and to export these kinds of things, and especially, as I pointed out, services, into the FTAA. As a result, all of us will prosper and benefit.
Let us join, then, with the hemisphere's leaders in having confidence in ourselves and our region. We now have the stability, the transparency and the economic growth record that will allow trade to increase and thrive. The countries of the region are good economic partners for Canada and for each other. At the end of the day not only they but we too in Canada will benefit. What does that mean? It is good news for Canada as a country and good news for all Canadians.
Let us get behind Canada. Let us support Canada in this all important effort and let us do the right thing. The right thing is to support the FTAA and to trade accordingly.