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Finance committee I don't recall any submissions from any political parties.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee On an ongoing basis.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee Sure, and maybe we'll just give Patrick a minute, if we've got this here. I know we've looked at this.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee Sure. I think free trade agreements are another means for Canadian manufacturers and business to get improved access to foreign markets, as the United States has kind of slowed down over time. An overwhelming majority of Canadian exports have gone to the U.S. market, and I thin
May 9th, 2013Committee meeting
Dean Beyea
Finance committee I think when you weigh the benefits of a free trade agreement versus the general preferential tariff, it's a decision a developing country certainly has to consider.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee If they don't receive the benefits of the general preferential tariff, imports from those countries...?
May 9th, 2013Committee meeting
Dean Beyea
Finance committee Well, it depends. If there's a free trade agreement with the country, they also have that. For example, Mexico will be taken off the GPT list, but they can import duty free under the Mexico tariff. So it depends on the country.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee That's correct.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee If goods are imported from those countries, they'll pay the most favoured nation tariff and not the general preferential tariff.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee I don't want to say the cost to Canadians would be higher; it depends on whether the goods continue to be imported from those countries.
May 9th, 2013Committee meeting
Dean Beyea
May 9th, 2013Committee meeting
Dean Beyea
Finance committee As Mr. Halley said earlier, we use the World Bank designation for high income and upper middle income and then a trade competitiveness factor of 1% of global access.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee They've never applied their general system of preferences to China.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee Correct.
May 9th, 2013Committee meeting
Dean Beyea
Finance committee That's correct, there are no increases at all. In fact, there is the elimination of 39 tariffs on sporting goods and baby clothes, but no increases.
May 9th, 2013Committee meeting
Dean Beyea