Majority Politics in Canada: Foreign Investment with the Asia-Pacific

The Canadian government of Stephen Harper recently confirmed that is has ratified a foreign investment treaty with China. In the works for more than two years, the Canada-China Foreign Investment Promotion and Protection Agreement (FIPA) will come into force this Wednesday October 1, effectively ushering in a new era in Canadian economics. Shrouded in mystery since being first announced in 2012, the deal and its unexpected ratification have been met with immediate and strong opposition. While some consider the agreement a bold and potentially lucrative economic move, reaction in Ottawa, the media and the public seems overwhelmingly critical. One of the most potent arguments has charged the Harper government with putting Canada’s long-term economic sovereignty at risk. Is this criticism warranted, and should Canadians be concerned of the potential pitfalls of a foreign investment deal with China? In today’s post we delve into this issue by exploring in brief Canada’s economic history with the Asia-Pacific.

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