Canada-China Foreign Investment Protection and Promotion Agreement

November 5th, 2012

The Harper government has signed its Canada-China Foreign Investment Protection and Promotion Agreement without parliamentary discussion and public debate. It can be ratified as early as Nov 8th. The investment treaty will give Chinese firms in Canada and Canadian firms in China 31 years of “protection” from environmental, human rights or resource conservation measures they don’t like. It gives companies and private investors the right to sue Canada in controversial private, unaccountable tribunals outside the court system – compromising what we can do to better manage mining and energy projects.
For information on FIPAs.

There is not a single gain for Canada here whatsoever: no market access, no reciprocity, zero rights for our investors there. China Inc gets everything.” – Diane Francis on Canada-China FIPA.
“Sovereign-owned or controlled enterprises (SOEs) from questionable countries have no business in the boardrooms of Canada or other free enterprise nations. Indications are the Prime Minister and his government understand this and are devising nuanced “net benefit” criteria regarding foreign takeovers designed to let in desirables and keep out the others.
Undesirable SOEs are those that serve political not commercial agendas; do not offer reciprocal investment privileges to Canadians in their countries and that believe they enjoy sovereign immunity from Canadian laws” – Diane Francis on FIPAs with Russia

Canadian, European business groups make final requests of CETA negotiators as EU official announces November political dialogue
By Stuart Trew

North Atlantic CEOs must be worried that Canadian and European Union trade negotiators have forgotten who they work for. This week, business lobby groups (big ones) on both sides of the pond sent a joint letter to EU Trade Commissioner Karel De Gucht and Canadian Trade Minister Ed Fast reminding them what they want out of the Comprehensive Economic and Trade Agreement.
Open Letter: Canada – China Agreement Abrogates Rights of Indigenous People
By Stuart Trew

The Council of Canadians was cc’d on this open letter to the Prime Minister from the Union of UBCIC, dated October 30, 2012.

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