Mr. Speaker, I will be splitting my time with the member for Prince Albert.
I am pleased to rise today to speak about the historic Canada-Korea free trade agreement and how this agreement supports the government's broader pro-trade plan. It is only our Conservative government that is focused on what matters to Canadians: jobs, growth and long-term prosperity.
By pursuing an ambitious trade agenda, our Conservative government has provided Canadian businesses with access to new opportunities in dynamic markets around the globe. As an export-driven economy, Canada needs free trade agreements. Trade accounts for one out of every five jobs in Canada and is equivalent, in dollar terms, to over 60% of our country's annual income. Despite all the evidence that modern trade agreements create jobs, economic growth and economic security for hard-working Canadian families, the NDP tried to completely sabotage the Canada-Korea free trade agreement at committee. They would have forced our government to completely renegotiate the agreement and set Canadians back even further.
This anti-trade behaviour is just as bad for Canadians who depend on trade for their jobs as the Liberals' record on trade. During 13 long years in the government, the Liberals completely neglected trade, completing only three free trade agreements. The Liberals took Canada virtually out of the game of trade negotiations, putting Canadian workers and businesses at severe risk of falling behind in this era of global markets. Their trade critic does not even sit on the committee.
Our government recognizes that Canadian companies are at risk of being at a competitive disadvantage in key markets, as their major foreign competitors, such as the U.S. and the EU, are benefiting from preferential access under existing FTAs. That is why Canada is pursuing its most ambitious trade negotiations agenda in Canadian history.
Eight years ago, Canada had just five trade agreements, but since 2006, Canada has successfully reached free trade agreements with 38 countries, namely, Colombia, the European Free Trade Association, Honduras, Jordan, Panama, Peru, all 28 members of the European Union, and now South Korea. In addition, Canada has 28 foreign investment promotion and protection agreements in force, 13 additional concluded FIPAs. These bilateral agreements establish a strong rules-based framework for increased investment by protecting and promoting foreign investment through legally binding rights and obligations.
Focusing on sectors and markets that offer the greatest opportunities for growth is a priority under Canada's new global markets action plan, called GMAP.
Let me now turn to the historic Canada-Korea free trade agreement.
South Korea is identified as a priority market in the GMAP and the CKFTA represents an important step in increasing access to this fast-growing economy. The Canada-Korea free trade agreement is a landmark achievement that would restore a level playing field for Canadian companies competing in South Korean markets. Stronger economic ties with South Korea would create new jobs and opportunities and contribute to Canada's long-term economic growth and prosperity.
Critically, with this agreement, Canadian companies will become increasingly competitive in the region. With half of the world's population living a five-hour flight away from Seoul, South Korea offers strategic access to regional and global value chains. As a result of improved market access for goods, services and investments under the agreement, Canadian companies can use South Korea as a strategic base for growing their businesses throughout the Asia-Pacific region. The positive momentum of an agreement with South Korea is and will continue to carry Canada forward in this vibrant region, but creating new opportunities for Canadians in the Asia-Pacific region does not stop there.
Just a few weeks ago, the Minister of International Trade led his third trade mission to India, along with the Minister of Foreign Affairs and the Minister of National Revenue. India is a country where we continue to see many opportunities for Canadian businesses.
We have also seen a great deal of interest in India from a number of my colleagues, including the Minister of Agriculture and the President of the Treasury Board in September, as well as the Minister of Citizenship and Immigration in July.
Canada and India have long-standing bilateral relations, close people-to-people ties and shared goals of free trade, open markets, democracy and good governance for more growth and prosperity. In fact, India is a priority market under Canada's global markets action plan. Bilateral merchandise trade between Canada and India totalled $5.8 billion in 2013, a 10.7% increase from 2012, and has more than doubled over the last 10 years.
Strengthening the Canada-India partnership is one of our Conservative Government's top trade priorities. We believe that an exciting future awaits both our countries, a future based on deeper trade and investment ties. Opportunities are particularly strong in the fields of energy, agriculture and agri-food, infrastructure, and education.
Through our ambitious pro-trade and pro-export global markets action plan, Canadian businesses have the tools to grow, export and build on their success at home and abroad. These tools include trade missions such as the one the Minister of International Trade recently led to India, free trade agreements, foreign investment promotion and protection agreements, together with the support of the on-the-ground Canadian trade commissioners service, Export Development Canada, the Canadian Commercial Corporation and the Business Development Bank of Canada.
Canada has eight Canadian trade commissioner offices and five EDC representatives in India, reflecting the importance both countries place on increasing bilateral trade and investment. Canada's trade network in India is now our third largest globally, after China and the United States, and is also the second-largest foreign network in India, after the U.S.
Export Development Canada is a strong investor in Canadian companies seeking opportunities in India. Five EDC officers are on the ground in the country. To date, EDC has supported 299 Canadian companies with contract volumes of $1.86 billion.
While the Liberals led trade missions purely for photo-ops for politicians, our approach is to lead trade missions to actually help our businesses. The Minister of International Trade led his most recent trade mission to India to interact with Indian businesses and government representatives and to see first-hand the opportunities that exist to boost Canadian exports.
Participants in these trade missions have told us that high-level trade missions are valuable in opening doors and identifying opportunities. By helping Canadian businesses expand and succeed abroad, we are also helping to create jobs, growth and prosperity at home. Canada's competitive edge and combined access to these markets will lead directly to jobs and opportunities in every region of Canada.
Whether we are exporting meat, grain, fish, wood products or industrial goods, the more markets we have access to, the more jobs are created for hard-working Canadians and their families. Canada's long-term economic prosperity is directly linked to market access and other economic opportunities beyond Canadian borders.
Our government understands the importance of trade and exports to our economy. Exports are responsible for one out of every five Canadian jobs. The prosperity of Canadians depends on the continued expansion beyond our borders into new markets that serve to grow Canada's exports and investments. The CKFTA represents one of these key economic opportunities and is a watershed moment in our historical relationship with South Korea.
For this and other reasons, stakeholders from across the country have called for the agreement's entry into force as soon as possible. That is why our government is moving to pass the bill quickly and will not be stopped by opposition stonewalling.
I look forward to the support of the opposition on the bill.