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China treaty exposes Canada to million-dollar liabilities

The Canada-China Investment treaty, the Foreign Investment Promotion and Protection Agreement (or FIPA, for short), comes into effect on Thursday.

And depending on your point of view, that's either very good, or very bad, news.

Federal NDP trade critic Don Davies has some major concerns with the treaty.

He says the agreement makes taxpayers liable for million-dollar lawsuits from Chinese investors against the federal and provincial governments and doesn't give Canadian investors in China those same protections.

He's also urging the minister for International Trade, Ed Fast, to postpone the ratification of the investment treaty.

Daybreak host Chris Walker reached Don Davies, NDP MP for Vancouver-Kingsway, in Tokoyo, Japan where he's part of a Canadian trade mission.
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Be sure to check out our continuing coverage of this story:
China investment treaty good for Canada, says Kelowna MP
China trade agreement: what you need to know

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