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Canada China Foreign Investment Promotion and Protection Agreement

2013/03/22

 

A Brief Overview

 

  • Prime Minister Stephen Harper signed this Canada China FIPA in Russia on September 9, 2012 at the Asia-Pacific Economic Cooperation Summit.

 

  • He then quietly tabled the Canada China FIPA on September 27, 2012 with NO DEBATE in the House of Commons, no parliamentary scrutiny and no provincial approval.

 

  • If ratified by cabinet and diplomatic notes are exchanged, the agreement will be irreversible for 31 years.

 

  • This is the biggest trade deal since NAFTA. Under Chapter 11 of NAFTA, 6 months notice can be given to exit. However, the Canada China FIPA locks Canada in for 31 years.

 

  • New powers will be granted to Chinese companies to sue the government of Canada if Canada’s laws hinder their expectation of profits.
    *For example, when British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec oppose Enbridge pipelines,
    then China is permitted to sue the respective provinces for anticipated loss of profits ranging into billions of dollars.

 

  • SECRET TRIBUNALS outside of Canada’s jurisdiction will establish compensation for these companies with damages in the billions of dollars paid by Canadian Taxpayers.

 

  • The FIPA will undermine Canada’s ability to set environmental protections. Therefore, environmental legislation gutted in Omnibus Bills C-38 and C-45 may not be restored for the duration of the FIPA.

 

  • There are two parties that can stop this dangerous and extreme FIPA:
    * one party is the premiers of each province (who have to date not stepped up to protect their citizens)
    * the second party is the sovereign First Nations of Canada.
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