Reply to Public Consultation on Canada's International Investment Agreements (FIPAs)
The Canadian government launched a public consultation on Canada’s foreign investment promotion and protection agreements (FIPAs) on August 14, 2018. This commentary outlines IISD's reply.
On August 14, 2018, the Canadian Minister of International Trade Diversification announced the launch of a public consultation on Canada’s foreign investment promotion and protection agreements (FIPAs).
The stated purpose of the consultation is to help the Government of Canada better reflect the views and interests of Canadians, industry and civil society, providing an opportunity for interested parties to have their say in improving rules and institutions that support the international trading system.
This commentary outlines IISD's reply to the consultation, building on IISD's innovative thinking on the elements of a progressive agenda on investment.
Additional downloads
You might also be interested in
Brussels push to ban ECT disputes gains traction
Two arbitration victories for Spain under the Energy Charter Treaty (ECT) have sparked hopes that efforts to halt the intra-EU disputes that dominate claims under the controversial global pact are starting to bear fruit. Climate scholars, like IISD's Lukas Schaugg, believe the tribunal wins this month signal growing acceptance in international legal circles that EU investors cannot bring ECT claims against other member state governments.
Sustainability rules to impact global trade
Developed countries should consult developing countries in crafting global sustainability rules to prepare these markets for the impact of stringent regulations that may hamper global trade, a United Nations official said at IISD's recent Investment Policy Forum.
Geopolitical risks sparking race for natural resources
Countries within Asia, Latin America, among others, should strengthen their investment policies as ongoing geopolitical risks are resulting in a "fierce" competition in the area of trade and access to natural resources such as nickel and lithium deposits, which play a crucial role in energy transition, according to IISD.
Developing countries need to play bigger role in ESG rule-setting: UN
Developing countries need to play a bigger role in the drafting of environment, social, and governance (ESG) rules, a United Nations official said at IISD's recent Investment Policy Forum.