(Susan Lunn – CBC News)
The controversial Canada-China Foreign Investment Promotion and Protection Agreement (FIPA) was signed in 2012 and is meant to provide a framework of legal obligations and rights that would enhance foreign investment.
Harper said in 2012 that he “absolutely” expected that it will make a “practical difference.” China ratified the deal quickly, but the Harper government did not.
Between the Harper government’s failure to ratify the deal and rules restricting state-owned enterprises from buying up companies in the oil patch, the trade relationship has cooled. There is also a growing divide around the Cabinet table, between those suspicious of allegations of China’s cyberspying, and those who want to increase trade with the Asian country. Read more here.