Madam Speaker, I too am pleased to have an opportunity to speak to Bill C-4. It is, of course, always important to refocus the debate and to give some explanations for the benefit of our listeners. People who watch our debates should know what Bill C-4 is about. It is also important for members of Parliament to know that we are a part of the discussions.
I therefore note that Bill C-4 is an act to implement two international agreements. The first is the Convention on International Interests in Mobile Equipment and the second, the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment.
Bill C-4 deals primarily with these two international conventions. We live increasingly in an era of globalization. The purpose of this act is to bring Canada into line with other countries of the world as far as aerospace policies are concerned.
The purpose of Bill C-4 is to adapt federal legislation to the requirements of the convention. This bill includes the following five aspects.
The Canadian aircraft registry has been dropped and replaced with an international registry. My colleagues have clearly expressed how, in the international construction scheme, an aircraft engine could be bought in one country while the fuselage was made in another country, and so on. We get to a point where we do not know who owes what to which country. In this way, by keeping an international registry of aircraft properties, it is much easier for aircraft equipment companies and for investors. This is to the benefit of all.
The purpose of this bill is also to amend the Bank Act, particularly to replace the references to the national registry with references to the international registry. The changes and improvements have to be adopted and implemented. Another purpose of the bill is to amend the Bankruptcy and Insolvency Act to harmonize the payment order lists for the secured creditors or the mortgages with the requirements of the international convention. A little more is involved for an aircraft than for a house.
This bill also seeks to amend the Companies' Creditors Arrangement Act to ensure that a company cannot give as a guarantee something that is already used as an international guarantee. In the wake of September 11 events, we witnessed the problems experienced by some airlines. We do not want these carriers to be able to use loopholes in the legislation and have two or three loans, two or three guarantees for the same aircraft.
Finally, Bill C-4 seeks to amend the Winding-up and Restructuring Act for the same purpose, namely to comply with international agreements.
I want to express the views of my constituents, as my colleagues have done. In Quebec, what does this mean? We are Bloc Québécois members. My friend, the NDP member, said that our speeches deal primarily with Quebec. I hope he is not surprised by this. I remind him that our party's name is the Bloc Québécois. We protect the interests of Quebec and we promote sovereignty.
The Quebec aerospace industry generates annual sales of $14 billion. It employs 40,000 people. This is close to half of all high tech jobs in Canada. Quebec produces one third of the world's civilian helicopters. The civilian helicopters made in Quebec to be sold do work, contrary to the submarines bought from Great Britain, which sink while en route.
Bombardier is one of the primary employers in Quebec's aerospace industry. This makes a lot of our Conservative friends cringe, because their party is not represented in Quebec. The others are Pratt and Whitney, and Bell Helicopter. Out of 250 companies in that industry, 240 are small or medium size businesses that act as suppliers for large companies. This means that there are 10 large companies out of these 250, while 240 are either subcontractors or small businesses that act as suppliers for these 10 large companies. Together, these 240 small and medium size businesses account for 10% of the total sales of Canada's aerospace industry.
That is why the Minister of Transport and member for Outremont stated in one of his famous and magnificent rhetorical flights that the aerospace industry is to Quebec what the automobile industry is to Ontario. If that is true, let the federal government give the Quebec aerospace industry the equivalent of what it gives to the automobile industry in Ontario.
If Dennis Mills, a former member from the Toronto area, were in the House today, maybe he would tell the hon. member for Outremont what he said during the election campaign or just before, that “the hon. member for Outremont should either filter his thoughts between his thinking and his speaking, or do what he says.” I will quote more pronouncements by the hon. member for Outremont to show how Dennis Mills could sometimes be right.
The Minister of Transport said that the aerospace industry was the equivalent in Quebec of the automobile industry in Ontario. As my colleagues made it their duty and their pleasure to point out during the election campaign, there was no debate or vote in the House of Commons. The government went to southern Ontario and announced that, since the automobile industry had problems, it would get $500 million. The GM plant in Boisbriand had just closed down, and no funds were available then, but that was not important. The automobile industry in Ontario would get $500 million. If the majority of electors there were to vote for the Liberals, if their votes were needed, the government would hand out $500 million because things were not looking as good.
I ask the Minister of Transport once again: if aerospace is to Quebec what the automobile is to Ontario, why does he not provide money?
The Minister of Transport says one thing and does another, which means that he does not help Quebec's aerospace industry at all or only barely. Since he has been away from Parliament and government for a while, I advise him to take a look at what has happened in Canada ever since he first sat, as Minister of Transport, of Industry, or in some other capacity.
The Minister or Transport should know why we should invest in Quebec. He could take a look at the sectors of activity where the federal government has invested outside Quebec. He could accompany the Industry Minister in the Maritimes and stop in Newfoundland. He would see the billions of dollars invested in the Hibernia platform. The federal government helped them out by the billions of dollars. The Minister of Transport would surely be astounded to see what has happened in Newfoundland with federal help, and also in the Maritime provinces.
After Newfoundland, he could visit Ontario's nuclear energy industry, where the federal government has invested billions of dollars. Because there was no hydroelectricity, they developed nuclear energy. As he aptly said himself, the transport minister could look at the automobile industry in southern Ontario, where the government invests billions of dollars.
If he wanted to deal with these issues, the transport minister could go to downtown Toronto to see how much money the federal government has given to GO Transit for the development of public transit, such as highways, the subway or buses. The federal government provided this money.
In the meantime, how much did it give to Quebec? Nothing. Not a penny. If he moves west, he will see that the federal government has invested billions of dollars in the oil of the Western provinces. He could say that the aerospace industry is to Quebec what oil is to Alberta. He could say that the aerospace industry is to Quebec what the nuclear industry is to Ontario. He could say that the aerospace industry is to Quebec what Hibernia is to Newfoundland.
On each count, we could tell him, “The funding is not there like it is, for example, for Hibernia in Newfoundland, for nuclear energy development in Ontario, or for oil discovery in western Canada”.