- Member of Parliament
- Member of Parliament
- Conservative
- South Shore—St. Margarets
- Nova Scotia
- Voting Attendance: 67%
- Expenses Last Quarter: $136,927.65
- Government Page
Mr. Speaker, it was an excellent speech, particularly on the issues of the amendments to the bill that we managed to get passed. The bill missed the opportunity to do anything other than administrative changes, so we managed to update it to the geopolitical issues we have today. I am sure the minister will appreciate having those powers.
I would like to expand this a little more, because the Liberals voted against our amendment that would have focused strictly on the issue of headquarters in hostile states. This is a big national security issue. It is not to reject it, but just to make it an automatic review. I am not sure why the Liberals would be afraid to have the power to review it and decide whether they want to reject it on that basis.
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Madam Speaker, an amendment was promised at committee that all companies headquartered in China would be subject to an automatic review. The Liberals defeated that amendment. Could the member explain why?
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Madam Speaker, one of the amendments in committee that was defeated by the Liberals said that any takeover in Canada by a corporation whose headquarters are resident in Beijing would be automatically reviewed. The Liberals voted against that for some reason, perhaps because Beijing's government is most admired by the Prime Minister.
I am wondering whether the member could comment about what would possess Liberals to oppose an amendment that would force an automatic review.
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Mr. Speaker, my question for the minister is in relation to the amendment we are debating now at report stage. We are dealing with section 15, which basically takes cabinet out of the beginning of the process and says the minister only has to go back to cabinet at the end of the process if a national security review says there is a problem. If not, the minister does not have to go back.
Does the minister not believe that we get better decision-making by having all cabinet colleagues involved in the decision-making, not just an individual industry minister making that choice?
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Mr. Speaker, I listened intently to my colleague's excellent speech. In fact, the last two speeches have been superb speeches on Bill C-34.
The member raised an issue around recommendation 1 from the industry committee report on state-owned enterprises. I would like to ask him something along a similar vein. The Minister of Innovation, Science and Industry was at the House of Commons industry committee this week. I asked him about the acquisition of the Tanco lithium mine in Manitoba, the only lithium-producing mine in Canada, by the Chinese government in 2015, and why he had not included that in his divestiture request of Chinese state-owned enterprises a few months ago. He said that he could not do it, that he could not go back far enough.
There is nothing in this bill that will allow, when a regime changes, for the minister to go back and revisit a transaction when a regime becomes less co-operative as part of the world framework. I wonder if the member could comment on whether or not there should be changes to the bill to allow for that kind of review to go back further.
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Madam Speaker, I listened intently to the member's speech. I would like to ask the hon. member what he thinks is contained in this bill that would improve the government's performance from the last eight years and the issue of national security reviews of companies bought by Chinese state-owned enterprises in Canada.
Essentially, those powers would not be changing in this act, and the government continues to send notices to Chinese state-owned enterprises that they can buy our companies and our assets without any national security review.
What does the member see in the bill that would change that?
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Madam Speaker, I listened intently to the member for Kingston and the Islands' speech. In my opening speech on this I said that these micro-administrative changes are much needed, but they are likely not to do what is claimed. The government has had the opportunity, over the last eight years, in the existing act, to reject takeovers by Chinese state-owned enterprises of Canadian assets. These include the Tanco mine in Manitoba where the government actually said no to a national security review, and Hytera, which took over telecommunications businesses. The then minister of industry said no to a national security review.
Can this member please tell me what in this bill will ensure that those types of acquisitions by state-owned enterprises are reviewed in the future?
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