ISDS Intervention

Elizabeth May – Member for Parliament for Saanich—Gulf Islands:

Mr. Speaker, I congratulate the minister of international trade on his new portfolio. There are a lot of issues with TPP, but the short question is about the investor-state provision. We are now opening ourselves up to completely groundless charges against Canada, which Canada inevitably loses. Such was the case with Bilcon, where our Environmental Assessment Agency did a great job; two ministers, federally and provincially, did a great job; and Bilcon managed to go to a secret chapter 11 venue. Even though Canada appealed, we lost, and we now owe Bilcon up to $580 million. Why would we open ourselves up now to disputes from additional countries, including Malaysia and Japan? I do not think we will have much trouble from Brunei, but from large economic players. Their corporations can attack our laws, which are in place to protect our environment, labour rights, and public health.

Hon. Jim Carr – Minister of International Trade Diversification:

Mr. Speaker, I just have a small correction, if I could, for my friend and hon. member: It is international trade diversification. That is a very purposeful and important word, and it leads to an answer to her question. Canada must always retain the capacity to respect the rules of the world trade order. As a matter of fact, I think we are on the verge of helping to lead a discussion on reforms to the WTO. It is also important that investors have confidence when they invest money around the world that those investments are reasonably protected.

I also look forward to working with my hon. colleague as we seek swift passage of this important legislation.