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Full text of Canada-China FIPA and Explanatory Memorandum

An analysis by Andrew Nikiforuk of Prime Minister Stephen Harper's recent dealings with China has drawn intense interest, garnering within several days nearly 7,000 Facebook recommends and tweeted over 400 times. The opinion piece, published on the Tyee Thursday and headlined "Chairman Harper and the Chinese Sell-Out" cites the FIPA agreement Harper has completed with China, set to be automatically made law, without requirement of Parliamentary debate, on Nov. 1. Green Party leader Elizabeth May has called for an emergency debate in the House of Commons.

In his piece, Nikiforuk defines what is at stake this way:

"By Nov. 1 three of China's national oil companies will have more power to shape Canada's energy markets as well as challenge the politics of this country than Canadians themselves…

"The new agreement will not only support more foreign takeovers of Canada's natural resources, but pave the way for CNOOC's dramatic $15-billion purchase of Nexen.

"That controversial deal, which the majority of ordinary Canadians oppose, represents the largest-ever overseas takeover of any firm by a Chinese national oil company."

Given the short timeline for making the deal official and strong public interest about what's in it, The Tyee shares here a link to the full text, in English and French, of the Canada-China FIPA and Explanatory Memorandum.

Click here for the PDF.

David Beers is editor of The Tyee.


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