Canada-China investment treaty to come into force Oct. 1 (China controls Canadian resources)

CBC News ^ | Sep 12, 2014 3:12 PM ET | Susan Lunn

[Olog-hai]

Ottawa confirms it has ratified a foreign investment treaty with China, more than two years after the controversial agreement was signed, as CBC News first reported Friday.

The controversial Canada-China Foreign Investment Promotion and Protection Agreement (FIPA) will come into force on Oct. 1, said International Trade Minister Ed Fast in a news release Friday afternoon. […]

China ratified the deal quickly, but the Harper government did not.

The deal has also faced opposition from the NDP, as well as a First Nations group who challenged the agreement in court. The NDP issued a statement saying “the agreement will give China’s state-controlled companies the same protection under the law as private Canadian companies. In effect, it will give China access to, and control over, some of Canada’s natural resources for the next 31 years.” …

[Olog-hai]

Didn’t see anything about this posted. Bad deal for Canada.

[B4Ranch]

The NDP issued a statement saying “the agreement will give China’s state-controlled companies the same protection under the law as private Canadian companies.

Canada has similar agreements with dozens of other countries. It clarifies rules for companies investing in either country.

[publius911]

Didn’t see anything about this posted. Bad deal for Canada.

And an even worse deal for the US.
Thank you, Obama, for your brainless African "leadership."

And thank you, Keystone Pipeline ignorant and dumb-as-rocks opponents, for driving the economics and supply of critical energy supplies to the Chinese.

Really stupid, stupid moves.

[Olog-hai]

That puts those Canadian companies under Communist China’s laws.

[caveat emptor]

The CBC and other leftist Canadian institutions and individuals (such as the socialist NDP) have severe Harper Derangement Syndrome. One shouldn't pay much attention to them.

That said, here's the last line from the article:Canada has similar agreements with dozens of other countries. It clarifies rules for companies investing in either country.

Maybe international trade is a bad idea?

[Ben Ficklin]

FIPA was prompted by CNOOC buying the Canadian company Nexen. Nexen was a stand alone deal, but because of it, Canada had to do the FIPA.

Nexen had holdings in the tar sands and nat gas wells in western Canada. Also holdings in the North Sea and the Gulf of Mexico.

To avoid any problems with the US over the Gulf of Mexico, CNOOC announced that they would not take the role of operating partner on any of the wells in the Gulf.

You can find more info by googling Nexen or Nexen FIPA.

[Olog-hai]

International trade per se is how the world works. That kind of trade being subject to the whims of authoritarian governments—by free countries trading with them—is what is a bad idea. World War II got delayed because of so many people wanting the trade to keep going on.

[caveat emptor]

That kind of trade being subject to the whims of authoritarian governments—by free countries trading with them—is what is a bad idea.

If you're very concerned about "that kind of trade" you're SOL, or perhaps haven't been paying attention to regular FR threads about it.

Regarding energy in particular, I'm sure Canada would rather deal with the US. You'll have to take that up with the Current Resident - oh wait, the US is already subject to the whims of The Won and his minions.

[Olog-hai]

Just because it exists does not mean that grave concern ought to be thrown out the window. The parallels to the pre-WWII world, even the pre-WWI world, ought to be a warning to all. This is not normal.

[B4Ranch]

Until we figure out how to rid ourselves of these Muslims nothing else is of any consequence. Common Core, the NFL, unions, the Federal Reserve, immigration controls are all problems that are of concern but they are minor irritants compared to the damage that Islam and the Muslims will do. They are infecting every region of our government and our society like parasites infect weakened animals. It won’t be long before our kids, who are in no way equipped to fight them, will have lost the war and America.

[Olog-hai]

We’ve got Red China as one of the biggest allies of the Muslims, except for their little personal irritant in Sinkiang; but all the Muslims that run off and fight the remnants of the First World are their allies and it makes no sense to continue to boost their economy.

[caveat emptor]

does not mean that grave concern ought to be thrown out the window

Be as gravely concerned as you like, or not, but there appears to be little you can do about it.

But if you're going to worry, you should worry about America, even with a relatively conservative population (who got snookered by Bozo), and not Stephen Harper (and Canada), who's doing very well considering the left-leaning population he has to deal with. Both countries have a pretty leftist media, Canada more so than the US BTW.

[Olog-hai]

There is little one can do with respect to many oncoming calamities, but that does not mean you throw concern to the ground. You do have to prepare for what’s coming in that case.

No, Stephen Harper is not doing well. Sending the country down the abyss is something to be gravely concerned with.

[Gay State Conservative]

If this means that Canada has anything but a “cash,in advance,for our resources” policy toward the Chicoms it can only be a bad thing for Canada.

[caveat emptor]

Sending the country down the abyss is something to be gravely concerned with

Grave concern. You can say that again. Oh wait. You have, and again, and again. Time to step up and say how Harper is "Sending the country down the abyss". Clear and concise, in some detail - shouldn't take more than a paragraph or two - but with no vagueness about "oncoming calamities". Spell it out - thousands of Chinese troops airlifted into Alberta? Political assassinations? Whatever believe to be the case.

I'm leaving to go on the road for a couple of days, without computer, so take your time.

Meanwhile, here's an explanation from an An American, very different from your doom and gloom vagueness, which seems to me to fit the facts.

U.S. owes Canada an apology for Keystone delays.....

[Olog-hai]

Your defense of Red China is noted.

[caveat emptor]

Crazy talk. Obama is wrecking America and you spring into action....by attacking Canada.

[Olog-hai]

Disingenuous false accusation. Warning Canada against attacking itself is not attacking Canada on one’s own part. And I do not deny Obama’s part in this Canadian self-assault; undoubtedly this is the outcome he desired, coupled with other follies of his such as his opposition to Keystone XL for one example.