Forgot your account information?  |  Create a CME account

CME welcomes investment protection agreement with China

Published by Brad Fougere on September 12, 2014

Canadian Manufacturers & Exporters congratulates Minister of International Trade Ed Fast for his announcement that Canada has ratified the foreign investment promotion and protection agreement (FIPA) with China.

As Canada’s second-largest trading partner, with merchandise trade between the country’s totaling $73.2 billion in 2013, China represents not only a major export market today, but, an opportunity market for those companies looking to diversify.

“We are supportive of any initiative that levels the playing field for Canadian businesses looking to expand their export markets,” said Jayson Myers, president and CEO of Canadian Manufacturers & Exporters. “The protections gained from signing this agreement should signal to firms looking to attract foreign investment that there is a defined resolution process.”

The agreement will enter into force Oct. 1 and will help to ensure Canadian companies that choose to do business in China get treated fairly. As well, the FIPA sets out clear rules governing investment relations, including dispute resolution, protection against discriminatory and arbitrary practices, creating a secure and predictable environment according to a Trade Department release.

“Investment agreements provide the protection and the confidence Canadian investors need to expand, grow and succeed abroad,” Minister Fast said in the release.

Found in: China trade

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan