Investing in the Canada-China relationship

Canada-China relations took an important step forward today, with the announcement that the two countries have reached agreement on an investment-protection deal. The Foreign Investment Promotion and Protection agreement (FIPA) will allow Canadian business leaders to invest with greater confidence. The deal will go into effect after reviews and legal ratifications in both countries. CCCE member Pierre Beaudoin, CEO of Bombardier, is in China with the Prime Minister this week. He said his company hasn’t faced many investment issues in China but would like to see a FIPA nonetheless. “Any trade agreement that helps clarify how you would resolve a dispute is a good thing,” Beaudoin said. “Right now it’s not something I look to use but it could help in the future.”