International Trade committee  That's correct.

International Trade committee  No.

International Trade committee  The ratios are likely.... Well, they may change. Let me put it that way. We currently have FTAs with the Pacific Alliance countries. For some of them, they've been in place—and Mexico under NAFTA—for several years. Most of the tariff liberalization has already taken place. We c

International Trade committee  I'll get your answer.

International Trade committee  I can give you the exact numbers. We are currently exporting to Mercosur.... Our overall trade is about $8 billion. Canadian exports are $2.5 billion, and imports are about $5.5 billion.

International Trade committee  That's a good question. There isn't a straight black-and-white answer. Both are customs unions. The Pacific Alliance is a regional integration initiative, so it goes beyond trade; it's free movement of goods and people. They also have a number of other things they work on togethe

International Trade committee  Sorry; are you asking in what other sectors it would be beneficial for us to export to those countries?

International Trade committee  I mentioned some of the areas earlier. I can go through some specifics again. Fish and seafood is one area where tariffs are particularly high. Also, there are chemicals, plastics, autos, and auto parts. Machinery and equipment is another sector. Tariffs on aluminum are up to 16%

International Trade committee  May I start with the latter question? Then Darren, do you want to do the first...?

International Trade committee  In terms of the risk in emerging markets, that's why we do FTAs. It's important to have strong rules so that we know what the terms of trade are going to be and have stability and predictability in our relationship. I think that's a pretty simple answer. I'll keep this one short

International Trade committee  It's important. You have to prepare for the market that you want to do business in, so it's very important that when we start talking about doing FTAs, we ensure that we're transparent and that businesses are in the loop on what it is we're trying to do so that they can build it

International Trade committee  I just want to make sure I get all parts of your question. First of all, when it comes to whether we can be competitive when it comes to areas in aerospace, we have excellent companies here in Canada. It's an excellent sector, world class. They can compete anywhere and everywher

International Trade committee  I'll start off by saying Canada is a trading nation, right? One out of six jobs links to trade. It's the equivalent of about three million jobs that are linked to trade in Canada. That's two-thirds of our GDP, approximately, all linked to trade. It's an important part of our GDP,

International Trade committee  Of course. If you look at the first trade and gender chapter that was ever negotiated, it was negotiated between Uruguay, one of the four Mercosur countries, and Chile, which is a Pacific Alliance country. You have the beginning of the trade and gender chapter in an FTA starting

International Trade committee  Thanks for that question. Yes, there's a lot of potential not only in investment, but we talk about goods trade and services as well. When it comes to goods, as I mentioned briefly in response to Mr. Allison's question about very high applied tariffs, we've been consulting with