Madam Speaker, I am pleased to rise in the House today in support of this historic legislation to implement the modernization of the Canada-Ukraine free trade agreement.
This is an incredibly important agreement for both Canada and Ukraine, and I would like to take this opportunity to reiterate what this legislation would accomplish.
The Canada-Ukraine bilateral relationship is long-standing, unique and unshakable, and has always been marked by Canada's steadfast support of Ukraine's independence, sovereignty and territorial integrity. Recently, in the face of protracted Russian aggression abroad and rising isolationism here in Canada, Canada's assistance has become even more important. Canadian aid for Ukraine in its time of need has included military, diplomatic, economic and humanitarian support. Trade, an important component of Canada's economic support, should not be overlooked.
The modernized Canada-Ukraine free trade agreement is an important element in our support to our Ukrainian allies. Not only would it help strengthen the bilateral economic ties between our two great countries; it would provide to the world yet another sign of Canada's unflappable support for our Ukrainian allies. This agreement constitutes a measure of support that would not only offer benefits in the near term; it would extend well beyond Russia's illegal and unjustified war of aggression by strengthening the foundation on which Canadian and Ukrainian businesses could work together during Ukraine's recovery and economic reconstruction and, indeed, underpin the long-term economic relationship between our two countries.
We know that Ukraine's economy can benefit from Canadian expertise and investment in key sectors such as infrastructure, resources, energy and finance. This agreement would make it easier for Canadian companies to supply goods and services to Ukraine during reconstruction, as well as to invest and operate in the Ukrainian market with greater confidence while also supporting Ukrainian companies and exporting their goods and services to Canada.
As members are aware, the Prime Minister and Ukrainian President Zelenskyy announced their intention to modernize the trade agreement between Canada and Ukraine in 2019. This was in response to a clause contained in the original 2017 agreement committing Canada and Ukraine to review the agreement within two years of its entry into force with a view to expanding it. While comprehensive from a trade and goods perspective, the 2017 agreement did not include chapters on trade in services or investment. These areas were specifically identified by the review clause as potential additions, without restricting the parties from exploring other areas. As such, this was an opportunity to make this agreement a fully comprehensive one on par with Canada's most comprehensive free trade agreements.
It is toward that goal that our government announced the launch of the agreement modernization negotiations in January 2022. Unfortunately, only weeks after, Russia began its full-scale illegal invasion of Ukraine. As part of our support to Ukraine, Canadian trade officials relayed to their Ukrainian counterparts that they stood ready to proceed with the agreement modernization discussions in accordance with Ukraine's capacity and willingness to do so.
In May 2022, Ukrainian officials conveyed in no uncertain terms that they were ready to initiate and indeed expedite the trade agreement modernization negotiations and that they were eager and determined to move forward to conclude as quickly as possible. Thus, our trade officials got to work immediately with the goal of reaching an ambitious and high standard agreement on a rapid time frame.
Throughout the process, and despite difficult circumstances, Ukrainian officials demonstrated eagerness to reach an ambitious outcome within very short timelines with the aim of facilitating increased trade between our two countries, not just to meet the immediate needs of reconstruction but long into the future. This eagerness is reflective of how comprehensive the modernized agreement is with respect to not only trade in goods but also to the new chapters and provisions for investments, services, labour, environment, inclusive trade and others. In this current context, the new areas covered in the modernized agreement would make it much more than just a trade agreement.
As Ukraine's First Deputy Prime Minister Svyrydenko has explained, this agreement is a way to demonstrate that Ukraine's economy is:
...built on the same principles of respect for workers and the environment as in Canada. This is the first agreement that confirms that Ukraine shares the trade agenda of Canada, the US, the EU, Japan and our other partners. Its text is based on the standards of the Canada-US-Mexico Free Trade Agreement and the Trans-Pacific Partnership Agreement... In this way, Ukraine is joining... countries that share the [same] principles of economic policy. In fact, this is a modern trade and legally binding economic pact with partners who support our security.
This is why this modernized agreement is so important for Ukraine and why, despite truly incredible and daunting circumstances, Ukraine dedicated scarce resources toward that goal and pushed forward this modernization with Canada. Beyond the short-term benefits related to the reconstruction efforts that will be needed, it did so because it recognizes and acknowledges the long-term importance of building and safeguarding an open and inclusive rules-based global trading system, a system that contributes to creating strong and resilient economies and enables long-term growth.
Increasing Canada's trade and attracting investment is a priority for this government as is Canada's continued support for Ukraine, both during and long after the war. For this reason, I urge all members to support Bill C-57 and allow this government to move ahead to implement the modernized Canada-Ukraine free trade agreement on a timely basis.
