International Trade committee  On the first point, it's actually for much longer than two years. The period in which a safeguard can be invoked is the tariff phase-up period plus 10 years, up to a maximum of 15. It's actually quite a lengthy period. In terms of who would determine that, in Canada it would be

International Trade committee  The period in which a safeguard action on autos could be taken would be the ten-plus-three years, but the measure itself initially could be for only two years with the possibility of extending it for another two. There's no limitation on the number of measures that could be taken

International Trade committee  We don't have projections that focus on the balance. We have projections that focus on the increase in exports. Our projection is that our exports would increase by $1.7 billion, and I think the model projects that Korean imports would increase by $1.4 billion. All else being equ

International Trade committee  The model actually suggests that the exports would grow at a faster rate than the imports would.

International Trade committee  Mr. Chairman, let me start by congratulating you on your election. I'm grateful for this opportunity to appear before the committee to discuss the landmark Canada-Korea free trade agreement which, as you know, was signed in the presence of Prime Minister Harper, and President P

International Trade committee  You just trumped our entire team.

International Trade committee  No, there is actually a trilateral investment agreement now in place between China, Japan, and Korea.

International Trade committee  Yes.

International Trade committee  No, not with the United States.

International Trade committee  Yes. The federal government is responsible for the agreement.

International Trade committee  Yes indeed, the provinces have been consulted at every step in the process. It's a regular feature of all of the C-Trade meetings that we have with the committee of federal and provincial trade officials on an ongoing basis. It's also been raised in meetings at the deputy ministe

International Trade committee  Well, the provinces have all been consulted. No province has objected to it. Some have spoken publicly in favour of it, including British Columbia and Quebec, I believe. The federal government does not solicit formal sign-off from the provinces, because this is an area of feder

International Trade committee  The provinces do have a limited role in the CETA negotiations.

International Trade committee  To be clear here, the CETA involves areas that are under explicit and direct provincial responsibility, whereas the negotiation of an international investment agreement is an exclusive federal responsibility.

International Trade committee  The office of the chief economist at DFAIT does quite a lot of econometric work to try to quantify the value of trade agreements by measuring and estimating the impact of removing tariffs, but frankly, it's quite difficult to try to come up with a quantitative value on creating s