Campaign to build One Big Campaign - Instead of promoting growth, the treaty may undermine growth by removing value-added benefits from Canadas resource sector. - The treatys main role is to protect Chinese-owned assets from Canadian legislatures, governments, and courts, and vice versa (i.e corporate empowerment), though it is largely non-reciprocal since Chinas interests/capital will be (and currently are) far greater than Canadas current or anticipated investments in China. - Regulatory differences between the two countries will create an uneven playing field as well. Canadian investors will have fewer protections from discriminatory treatment in China, since Chinas existing legal frameworks are opaque relative to Canadas (remaining) legal frameworks. - There is also a huge disparity of capital flows, with most capital flowing in to Canada from China, so treaty protections are mostly one-sided. - An Independent Commission has not studied the treaty, so Canadians are unaware of projected costs and benefits. -mt
Posted on: Sun, 19 Jan 2014 03:45:10 +0000
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