Canada-China Foreign Investment Promotion And Protection Agreement
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Canada-China Foreign Investment Promotion And Protection Agreement
The Canada-China Promotion and Reciprocal Protection of Investments Agreement or Canada China FIPA is a bilateral investment treaty between Canada and China which came into force on 1 October 2014. The Foreign Investment Protection Agreement (FIPA) or Foreign Investment Protection and Promotion Agreement (FIPPA) are Canadian names for BITs. Nomenclature The short name of the ''Agreement Between the Government of Canada and the Government of the People's Republic of China for the Promotion and Reciprocal Protection of Investments'' used by Global Affairs Canada is the Canada-China Promotion and Reciprocal Protection of Investments Agreement. McCarthy Tétrault referred to the agreement as the China-Canada BIT. In Canada the name for Bilateral Investment Treaties is Foreign Investment Protection Agreement (FIPA) or Foreign Investment Protection and Promotion Agreement (FIPA).According to McCarthy Tétrault, Canada entered intForeign Investment Promotion and Protection agre ...
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Bilateral Investment Treaty
A bilateral investment treaty (BIT) is an bilateral treaty, agreement establishing the terms and conditions for private investment by nationals and companies of one Sovereign state, state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the "friendship, commerce and navigation treaty" (FCN). This kind of treaty came in to prominence after World Wars when the developed countries wanted to guard their investments in developing countries against expropriation. Most BITs grant investments—made by an investor of one Contracting State in the territory of the other—a number of guarantees, which typically include fair and equitable treatment, protection from expropriation, free transfer of means and full protection and security. The distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights ...
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National Treatment
National treatment is a principle in international law. Utilized in many treaty regimes involving trade and intellectual property, it requires equal treatment of foreigners and locals. Under national treatment, a state that grants particular rights, benefits or privileges to its own citizens must also grant those advantages to the citizens of other states while they are in that country. In the context of international agreements, a state must provide equal treatment to citizens of the other states participating in the agreement. Imported and locally produced goods should be treated equally — at least after the foreign goods have entered the market. While this is generally viewed as a desirable principle, in custom it conversely means that a state can deprive foreigners of anything of which it deprives its own citizens. An opposing principle calls for an international minimum standard of justice (a sort of basic due process) that would provide a base floor for the protection of ...
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2019 Canadian Federal Election
The 2019 Canadian federal election was held on October 21, 2019. Member of Parliament (Canada), Members of the House of Commons of Canada, House of Commons were elected to the 43rd Canadian Parliament. In keeping with the Fixed election dates in Canada#Federal, maximum four-year term under a Canada Elections Act#Notable provisions, 2007 amendment to the ''Canada Elections Act'', the writs of election for the 2019 election were issued by Governor General of Canada, Governor General Julie Payette on September 11, 2019. With 33.12% of the vote for the Liberal Party of Canada, Liberal Party, led by incumbent Prime Minister of Canada, Prime Minister Justin Trudeau, the 2019 election ranked second (with the 2021 Canadian federal election, 2021 federal election ranking first) for the lowest vote share for a party that would go on to form a single-party Federal minority governments in Canada, minority government. The Liberals lost the popular vote to the Conservative Party of Canada, Con ...
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Elizabeth May
Elizabeth Evans May (born June 9, 1954) is a Canadian politician, environmentalist, author, activist, and lawyer who is serving as the leader of the Green Party of Canada since 2022, and previously served as the leader from 2006 to 2019. She has been the member of Parliament (MP) for Saanich—Gulf Islands since 2011. May is the longest serving female leader of a Canadian federal party. Born in Hartford, Connecticut, Elizabeth May immigrated to Canada with her family as a teenager. She attended St. Francis Xavier University, graduated from Dalhousie University with a law degree in 1983, and later studied theology at Saint Paul University for which she told the ''Anglican Journal'' in a 2013 interview that she had to withdraw from the program due to conflicting schedule demands. Following her graduation from Dalhousie University, May worked as an environmental lawyer in Halifax before moving to Ottawa in 1985, joining the Public Interest Advocacy Centre as the associate g ...
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British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ...
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Hupacasath First Nation
The Hupacasath First Nation is a First Nations government based in the Alberni Valley on the west coast of Vancouver Island in British Columbia, Canada. It is a member of the Nuu-chah-nulth Tribal Council The Nuu-chah-nulth Tribal Council is a First Nations Tribal Council in the Canadian province of British Columbia, located on the west coast of Vancouver Island. The organization is based in Port Alberni, British Columbia. History The Nuu-chah- .... An alternate spelling of Hupacasath is Opetchesaht or Opitchesaht. Hupacasath First Nation consists of approximately 300 members across five reserves. In September 2012, the Government of Canada Foreign Investment Promotion and Protection Agreement signed a trade agreement with Chinese investors giving them control over major assets such as coal on its 232,000-hectare territory. It comes into effect when it has been ratified by both sides. The Hupacasath First Nations "community argued in federal court in June that the feder ...
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Stephen Harper
Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, serving as the party's first leader from 2004 to 2015. Harper studied economics, earning a bachelor's degree in 1985 and a master's degree in 1991. He was one of the founders of the Reform Party of Canada and was first elected in 1993 in Calgary West. He did not seek re-election in the 1997 federal election, instead joining and later leading the National Citizens Coalition, a conservative lobbyist group. In 2002, he succeeded Stockwell Day as leader of the Canadian Alliance, the successor to the Reform Party, and returned to parliament as leader of the Official Opposition. In 2003, Harper negotiated the merger of the Canadian Alliance with the Progressive Conservative Party of Canada to form the Conservative Party of Canada and was ...
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Jean Chrétien
Joseph Jacques Jean Chrétien (; born January 11, 1934) is a Canadian lawyer and politician who served as the 20th prime minister of Canada from 1993 to 2003. Born and raised in Shawinigan Falls, Quebec, Chrétien is a law graduate from Université Laval. A Liberal, he was first elected to the House of Commons in 1963. He served in various cabinet posts under Prime Minister Pierre Trudeau, most prominently as minister of Indian affairs and northern development, president of the Treasury Board, minister of finance, and minister of justice. He ran unsuccessfully for the leadership of the Liberal Party in 1984, losing to John Turner. Chrétien served as the second deputy prime minister of Canada in Turner's short-lived government which would be defeated in the 1984 federal election. After Turner led the Liberals to their second defeat at the polls in 1988, Chrétien became leader of the Liberals and leader of the Opposition in 1990, returning to politics after briefly worki ...
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International Centre For Settlement Of Investment Disputes
The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries. , 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention. The centre performs advisory activities and maintains several publications. History In the 1950s and 1960s, the Organisation for European Economic Cooperation (now the Organisation for Economic Co-operation and Development) had made several attempts to create ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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United Nations Commission On International Trade Law
The United Nations Commission on International Trade Law (UNCITRAL) ( French: ''Commission des Nations Unies pour le droit commercial international (CNUDCI)'') is a subsidiary body of the U.N. General Assembly (UNGA) responsible for helping to facilitate international trade and investment. Established by the UNGA in 1966, UNCITRAL's official mandate is "to promote the progressive harmonization and unification of international trade law" through conventions, model laws, and other instruments that address key areas of commerce, from dispute resolution to the procurement and sale of goods. UNCITRAL carries out its work at annual sessions held alternately in New York City and Vienna, where it is headquartered. History When world trade began to expand dramatically in the 1960s, national governments began to realize the need for a global set of standards and rules to harmonize national and regional regulations, which until then governed international trade. Membership UNCITRAL's ...
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Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ...
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