Mr. Speaker, what is interesting is that this particular company works in partnership with another fabricating company in Calgary. It also has a company in Bridgewater, Nova Scotia that partners with a company in Calgary. The company produces equipment for oil and gas companies and it has a multi-million dollar contract in Colombia. It also has a sub-company in Mexico that has a contract for the oil and gas sector in Colombia. Do members know where the company is seriously looking at building and producing that contract? In Mexico because it can ship its product from Mexico to Colombia tariff free.
Those jobs will not be Bridgewater, Nova Scotia jobs or Calgary, Alberta jobs. If we do not pass this bill, they will be Mexican jobs. This will be good for Mexico, as it needs jobs and opportunities for its citizens, but it should not be at our expense.
The other thing that is totally ignored by the members opposite is how we got to this position today. We just did not pick Colombia out of a hat. Colombia is one part of a much wider strategy.
When we came to power in 2006, we had a number of issues before us. One of them in international trade was our global commerce strategy, how we would work, interact and trade with the rest of the world. The other one we called re-engagement with the Americas. We were part of the Americas but all of our trade was basically going into one basket, or NAFTA, the United States and Mexico. That is important trade, without question, but we needed to look beyond the United States and Mexico.
What do the rest of the Americas think of Canadians? I can tell the House that they want to do business with us. The agreement that we looked at, the re-engagement with the Americas, was based on the fact that Canadian foreign investment in the Americas was somewhere in the neighbourhood of $200 billion. We wanted to follow the money and get some of it back in bilateral trade between these nations.
When we started our free trade agreement discussions with Colombia, the United States had already signed. This was an opportunity to actually get ahead of the U.S. for once. The European Free Trade Association has already signed with Colombia and countries like Switzerland, Norway, Liechtenstein and Iceland are trading with Colombia. The Europe Union is on the cusp of signing its free trade agreement with Colombia. Everyone holds up the European Union, as do all of us on this side of the House, but it is not asking for a human rights side agreement on its free trade agreement with Colombia.
We have these opportunities. We have signed free trade agreements with Peru and Panama and we are continuing to work on what is called the Central American four: El Salvador, Honduras, Nicaragua and Guatemala. For my socialist brethren in the NDP, Nicaragua—