Mr. Speaker, we do not support Bill C-306. Frankly, the bill seems aimed less at being passed than as a medium for certain partisan discussions. Its purpose seems to be to implement buy Canada legislation in response to the buy America provisions in the recently enacted U.S. budget. It is for those very reasons that we object to it. We are in the middle of a worldwide recession. Protectionism is widely regarded as the worst possible thing that countries could engage in in a worldwide recession. We are in the throes of objecting strenuously to the American buy America provisions.
As an aside, we on this side of the House are very upset with the fact that the current Conservative government has not done nearly enough in anticipating these buy America provisions and working in Washington before they were enacted to ensure that they were not, and we are seeing many manufacturers in Canada already suffering as a result. We have a concern that the current Conservative government has not done nearly enough to deal with these protectionist measures, but our position is very strongly that they do not belong, especially in a time of worldwide recession. In that sense, for a Canadian bill to suggest a similar approach is completely opposite to what makes sense from an economic perspective.
We have some significant concerns with the way the bill has been drafted. There is no empirical evidence or sound economic reasoning behind what the bill is supposedly trying to achieve. The 7.5% price differential this bill wants to apply seems to have been completely pulled out of a hat. There is no logical way of measuring the Canadianness and an attempt at measuring this for the 50% and 75% requirements in the bill is comical, at best. The agreement certainly does not provide any indication of anything otherwise.
The bill attempts to say that the provisions of NAFTA would still apply but, in our view, certainly this bill contravenes NAFTA and it certainly contravenes the spirit of our free trade agreements with the United States, Mexico and others.
The bill is poorly and vaguely drafted to allow for interpretation that may be inappropriate, in our opinion.
Ultimately, if protectionist measures are imposed, our significant concern is that this will harm Canada's economy, not improve it. We are on record as saying that free trade is important for economic competitiveness, economic sustainability and ultimately, economic prosperity. We object strenuously to the American attempts at protectionism, and we have said so publicly. For Canada to be seen to be attempting to do so completely flies in the face with our public position. Not only would it be damaging to our economy, but it would be extremely damaging also to our international reputation.
Mr. Speaker, I neglected at the beginning to ask to split my time with my colleague from York South—Weston. If it is all right with the Speaker, having neglected to do so, may I make my request at this point and ask my colleague to step in?