Canada

Countdown to MAI

December 22 1997
Canada

Countdown to MAI

December 22 1997

Countdown to MAI

As Canada prepares to sign the Multilateral Agreement on Investment next spring, a committee of MPs tabled a report in the Commons, calling on the government to stand by several of its key negotiating positions. The allparty committee urged an end to extraterritorial measures related to foreign investment,

such as the U.S. Helms-Burton law, which can result in penalties for companies that do business in Cuba. The committee also endorsed Canada’s position excluding culture from the agreement, and supported clauses promoting health, labor and the environment. Meanwhile, the Council of Canadians rejected the agreement, arguing that its measures fall far short of what is needed to protect those sectors.