China investment treaty good for Canada, says Kelowna MP
Before the North American Free Trade Agreement came into effect on January 1, 1994 there were years of discussion and debate.
The Foreign Investment Promotion and Protection Agreement or FIPA comes into effect later this week, but there's been no public consultation and no debate in parliament.
Opponents, including an Osgood Hall professor with an expertise in international trade, say it will leave Canada open to lawsuits from Chinese investors -- lawsuits that restrict our ability to assert Canadian sovereignity over natural resources.
Ron Cannan, the Conservative MP for Kelowna-Lake Country, recently wrote an editorial about the agreement, saying the new treaty is good business for Canada.
He explains the government's take to Daybreak host, Chris Walker.
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Also, see: Five things to know about the Canada-China investment treaty