Mr. Speaker, that simply is not acceptable. Right now we have a $2.6 billion trade deficit with South Korea. Our largest export right now is wood pulp, which is 25ยข per pound, versus Korean vehicles that are shipped into Canada at $15,000 each.
It is important to note that under Liberal and Conservative auto policy we have gone from being a manufacturer with a surplus and a net export to having a deficit, and we have dropped to 10th in the world. That is unacceptable.
As well, with the shutting of the tariff, we see state sponsored Korean automotive companies like Hyundai and Kia getting tens of millions of dollars. On top of that, the government has brought in feebates that will also provide Canadian taxpayer money to these foreign state owned companies. That is unacceptable and it puts auto workers and Canadians out of work.
A prophecy that comes to the conclusion here is when the Minister of Industry himself said that the auto industry would collapse under a Conservative government.