Canada-China Investment Treaty

On Wednesday, October 24th, 2012 in Statements

Elizabeth May: Mr. Speaker, here is your 60 second briefing on the Canada-China investment treaty, the most significant treaty of its kind since NAFTA.

I requested a technical briefing from the Minister of International Trade on September 27. I got it one hour ago, so I can update folks.

It confirms that Chinese state-owned enterprises would have the right to complain and charge for damages for decisions in Canada by municipal, provincial, territorial or federal governments. It confirms this treaty will apply till 2027 for a minimum, and potentially till 2042, and China can complain of anything it feels is arbitrary.

It will be of greater benefit to Chinese investors in Canada than to Canadian investors in China.

No province has been asked if it approved of this agreement.

Yesterday, the Prime Minister asked that members of this place should acquaint themselves with the treaty. I have. It threatens our security, our sovereignty and our democracy. Yet this 60 seconds will be the only briefing this House gets.

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