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IN THE HOUSE ~ Petition targets ‘secretive’ Canada-China trade deal

Published: October 31, 2012

60,000 sign petition urging Tories to reconsider proposed agreement OTTAWA — A petition signed by 60,000 Canadians calls on Prime Minister  Stephen Harper to reject a “secretive and sweeping” Canada-China trade  agreement. The Foreign Investment Protection and Promotion Agreement (FIPA), discussed  mostly behind closed doors, comes as the Conservative cabinet reviews a Chinese  state-owned oil […]

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IN THE NEWS ~ Critics charge investment treaty with China will turn Canada into ‘resource colony’

Published: October 30, 2012

Heather Scoffield, The Canadian Press OTTAWA – An investment treaty with China that would turn Canada into a “resource colony” is about to be ratified despite almost no parliamentary debate, opposition critics charge. Bolstered by more than 60,000 signatures on petitions and a finely targeted letter-writing campaign led by activists, the opposition NDP, Liberals and […]

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IN THE NEWS ~ Feds need to show their work’ on net benefit test, say experts

Published: October 29, 2012

Experts on foreign investment say a clearer foreign investment review framework needed, but negotiations must stay confidential. Chris Plecash, The Hill Times The federal government is expected to announce new standards for foreign investment by state-owned enterprises, but it’s unlikely that the secrecy around foreign takeover reviews will be lifted, say sources familiar with trade […]

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IN THE HOUSE ~ Question ~ Will there be changes to the net benefit test before the Nexen deadline on November 9?

Published: October 26, 2012

41st Parliament, 1st Session ~ Context : Question M. Peter Julian (Burnaby—New Westminster, NPD): Monsieur le Président, les critiques à l’endroit des conservateurs commencent à fuser de partout. Maintenant, c’est le Wall Street Journal qui critique le comportement bizarre des conservateurs concernant les investissements étrangers. Il souligne que les décisions de ce gouvernement sont sans […]

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IN THE HOUSE ~ Clarity in the Investment Canada Act to define “net benefit” should have been in place years ago

Published: October 24, 2012

41st Parliament, 1st Session ~ Context : Question Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, I am going to try again to clarify the confused, muddled position of the Conservative government on clarity in the Investment Canada Act. One minute, it says that clarity is not needed; the next minute, anonymous sources are saying […]

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IN THE HOUSE ~ Question ~ Will new rules around foreign investment be in place before decision on CNOOC takeover of Nexen?

Published: October 23, 2012

41st Parliament, 1st Session ~ Supplementary Question Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, after their gross mishandling of the Petronas decision, the Conservatives are now saying that more clarity is needed in the Investment Canada Act. This is just days after they stated emphatically that no more clarity was needed at all. This is […]

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IN THE NEWS ~ Progress and Petronas meet federal officials to salvage $6-billion deal

Published: October 23, 2012

Lauren Krugel, Vancouver Sun. CALGARY – Progress Energy Resources and the Malaysian state-owned company that wants to buy it were looking to salvage their $6-billion deal on Monday as observers warned Ottawa’s stunning last-minute rejection could scare away foreign investment. Progress and Petronas said they’re meeting with Industry Canada officials to “better understand” what the […]

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