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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
Context: House Hansard - 240 - Oct/26/23
Mr. Chandra Arya (Nepean, Lib.)
  • Oct/26/23 4:19:52 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, I appreciate the amendment to bring the threshold to zero dollars with respect to state-owned enterprises. I would like to ask my hon. colleague's opinion about the investments done by multinational companies where they come and capture an entire sector, as it is today with the steel and aluminum sector being entirely foreign owned. They just become the branch office of the foreign multinationals, focusing only on the North American markets, and never attempting to export the talent, resources and expertise that is available in Canada to the countries with which we have free trade agreements across the world. Does that not also fit into the definition of economic security which, in my view, is the same as national security?
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Context: House Hansard - 240 - Oct/26/23
Mr. Brad Vis
  • Oct/26/23 4:20:41 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, I missed the first part of that question, but I will note that the member for Nepean actually stood alongside Conservative members in the House during second reading when he called for some of the changes to the national security review. More broadly to his point, I think when we look at the Investment Canada Act, the Government of Canada needs to be looking very closely at protecting strategic interests, and that is what we were trying to do. That is not just from foreign state-owned actors, but that does include multinational companies as well.
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