ADRIAN WYLD / THE CANADIAN PRESS FILE PHOTO

Canada ratifies investment deal with China

Canada has finally ratified the contentious Foreign Investment Protection Agreement with China amid a series of recent tensions between the two countries that had placed Prime Minister Stephen Harper’s scheduled Chinese visit this fall on tenterhooks. International Trade Minister Ed Fast announced Friday that the pact, known as FIPA, had been signed by Canada two years after its terms were first negotiated by the two countries. “Investment agreements provide the protection and the confidence Canadian investors need to expand, grow and succeed abroad,” Fast said in a news release. “We remain committed to opening new markets around the world for Canadian companies, including in the fast-growing Asia-Pacific region. This FIPA will create jobs and economic opportunities for Canadians in every region of the country.” Continue reading