Showing posts with label free trade. Show all posts
Showing posts with label free trade. Show all posts

Thursday, October 25, 2012

Canada-China Investment Treaty (#FIPPA) Information Round-up

The Canada-China FIPPA (Foreign Investment Promotion and Protection Act) was quietly tabled in the House of Commons on September 26th. This was the first time anyone got a chance to see the full text of an agreement that will be automatically ratified after 21 sitting days without any parliamentary debate or vote. 

Check out this great new website: FIPA FACTS.

FIPPA will bind municipal, provincial and federal government for the next 15 years to terms that have been shown to favour Chinese investors rights in ways that infringe on Canadian sovereignty and democracy. Even if a future government wanted to cancel the treaty, a one-year notice is required, and then after the cancellation the treaty guarantees another 15 years of treaty benefits to Chinese operations in Canada. 

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