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International Trade committee  I'm happy to say that last year CPTPP saw its eighth signatory, Peru, ratify the agreement and become the eighth party to the agreement. On that front we're doing very well. There are still three left to ratify: Chile, Malaysia and Brunei, and we're working with them to support t

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  I don't have specifics with respect to individual industries, but what I can tell you is that, for a number of countries, we've seen dramatic growth in our exports of beef and pork, for example. We're seeing increased exports of manufactured goods to a number of countries, includ

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  I think another side of it too is that, when we negotiate a trade agreement, it creates opportunities for inward investment. The production of minerals such as these is expensive, so looking for investment from outside the country is something that the government takes very serio

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  If I could ask for clarification with respect to the question, what is meant by traceability, and in what sense?

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Thank you. When we negotiate a free trade agreement, we put in what are called rules of origin. These rules of origin are specific to product. We put in place what we call PSROs, product-specific rules of origin, to help us determine exactly what goes into a product, and also th

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  The government remains committed to helping investors and Canadian investors protect their interests overseas. There are a number of ways that we can do that. Negotiating free trade agreements and foreign investment protection agreements helps to provide the transparency and pred

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Indeed. With respect to India, we are looking at investor protection outside of the comprehensive economic partnership agreement. We're looking at negotiating a foreign investment protection agreement with India. The Canadian proposal has investor-state dispute settlement in it.

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  With respect to India, we have had discussions. They're really at the initial stages. In fact, just this morning we wrapped up our first round of negotiations with India. The subject has been raised. India is obviously a major world producer of both pharmaceuticals and pharmaceut

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Madam Chair, could I answer the question?

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  The timing, as Arun was saying, is really dependent on the course of the negotiations. We expect that an early progress trade agreement with India could take a matter of months, as opposed to potentially a couple of years to negotiate a comprehensive agreement, so it could come a

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Countries like Singapore and Indonesia obviously offer relatively well-developed markets. With Singapore we already have an FTA, but even on top of that, there's a projected gain as a result of having an ASEAN FTA. As Mr. Alexander explained, Indonesia simply offers a massive po

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Not really. I think you hit it on the head. It's really about the growth in the population. It's about the increasing urbanization. They are rapidly becoming advanced economies. That is what is leading their growth. That's why they've become such a manufacturing hub and why they

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  With respect to ASEAN, what we're looking to get out of it—where it differs slightly, as Mr. Alexander said—is.... It will likely take us longer, given differences in levels of development and the fact that we're dealing with 10 partners. Indonesia will likely come sooner, and be

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  No. We're in the same situation. It's round one with India, and we haven't had a first round yet with ASEAN.

April 25th, 2022Committee meeting

Jay Allen

International Trade committee  Thank you. With respect to ASEAN, one of the ones that clearly stand out is Vietnam. They have a very clear government process, a government policy, in terms of greening their cities and advancing their smart cities. We think there's a tremendous market for clean tech there. Ob

April 25th, 2022Committee meeting

Jay Allen