International Trade committee  No, we had investments in 2013 as well.

International Trade committee  First of all it's totally wrong that we didn't attract a single nickel. It's been tough sledding to get more investment commitments in Canada, but we have won some important ones. The good news from Ford Oakville is one of them. In terms of what is required we developed in 2012—

International Trade committee  It made us look expensive. Now it's coming back down and we're looking better and better all the time.

International Trade committee  As I mentioned, we conducted a study that looked at 20 different non-agricultural sectors at the two-digit level, including food processing, so there is some agricultural content in that. We simulated what would happen as a result of tariff liberalization or elimination on both s

International Trade committee  There is a bit of a “chicken and egg” thing. In order to develop a significant export network, you have to invest heavily in marketing and distribution and infrastructure, and it's hard to do that if you have no confidence that you're going to be selling anything. Korea is one p

International Trade committee  Well, I would like Canadian workers to have the chance to compete and win in a global market on a level playing field, but a free trade agreement that eliminates tariffs, provides national treatment and guaranteed market access, locks in an enormous, unbalanced situation, allows

International Trade committee  We were a great supporter of the Canada-U.S. Auto Pact, which in many respects, I would say, was the most successful trade agreement that Canada was a part of. This was an agreement that used both carrots and sticks and provided tariff-free access to the Canadian market to a rang

International Trade committee  On the first part of your question, I think I said that even with the Korean tariff being eliminated to zero from 8%, we do not expect any significant increase in Canadian vehicle exports to Korea, because there's no market base, there's no distribution system, there's no consume

International Trade committee  First of all, Korean vehicles are not what I would call “low-cost imports”. I don't know if you've been to a Hyundai or even a Kia dealership lately, but they have gone upscale in a big way. They are competing directly with many of the mid-sized sedans and compact utility vehicle

International Trade committee  There's no snap-back provision focused in auto as there was in the U.S. deal, but this treaty, like most, can obviously be cancelled if either side gives notice—I think it's six months' notice in this case—to cancel the treaty. But given the history of free trade agreements, that

International Trade committee  You're talking about a handful of vehicles. It can't possibly.... When you make a decision about allocating a new model somewhere, you're looking at maximizing a production run over the expected five- or six-year life of that vehicle, and you're talking about production of half a

International Trade committee  Sir, in all honesty, the fact that American plants have tariff-free access to a tiny market on the other side of the Pacific Ocean is going to have no bearing whatsoever on their decisions about what vehicles to put where. Even with the free trade agreement, as I said, the export

International Trade committee  I think the difference, sir, lies in the difference between being positive on trade and being positive on free trade agreements. I said in my testimony, as an economist I'm a strong supporter of trade when it adds to the net demand for Canadian-made products and the Canadians who

International Trade committee  It's certainly made by the parent. One of the trends that we've seen in global automakers is it's even made on a global basis by the global automaker. They are trying to consolidate their output in facilities around the world into a smaller number of what are called global vehicl

International Trade committee  Well, it certainly doesn't keep Korean product out of Canada. We import around 100,000 vehicles from Korea. All of my numbers about the imbalance with Korea are not about Korean-branded vehicles. They are about Korean-made vehicles. Yes, there are Korean-branded vehicles made wit