Pakistan

Wed, 2012-10-17 14:23Carol Linnitt
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China Investment Treaty "a Straitjacket" for Canada: Exclusive Interview with Trade Investment Expert Gus Van Harten

This post is the first of a series on the Canada-China Investment “Straitjacket:” Exclusive Interview with Gus Van Harten.

I recently picked up a copy of Francis Fukuyama's 2011 book, The Origins of Political Order. Sitting on the bedside table at the house I was staying at, the book made for some 'light' bedtime reading. I heaved the enormous tome onto my lap and, opening it to a random page, read this alarming passage: 

There is no rule of law in China today: the Chinese Communist Party does not accept the authority of any other institution in China as superior to it or able to overturn its decisions. Although the People's Republic of China has a constitution, the party makes the constitution rather than the reverse. If the current Chinese government wanted to nationalize all existing foreign investments, or renationalize the holdings of private individuals and return the country to Maoism, there is no legal framework preventing it from doing so (Pg 248)

My concerns with China's treatment of foreign investments arose in light of China's recent bid for Nexen, a Canadian company with large holdings in the Alberta tar sands. Since Canada is having trouble with the management of the tar sands now, what would it look like if we had Chinese state-owned enterprises like the Chinese National Offshore Oil Company (CNOOC) in the mix?

It turns out the problem is of magnitudes greater than I had originally conceived, and concerns not only Canada's management of its resources, but its sovereignty, its democracy, and the protection of the rights and values of its citizens.

Perhaps most strikingly, Canada is embracing this threat, showing telltale signs the real culprit in this dangerous deal isn't China at all.

In order to untangle the web of an international trade deal as complex as the China-Canada Investment Treaty, which establishes the terms of the Nexen deal - the biggest overseas takeover by a Chinese company -  I spoke with Professor Gus Van Harten of Osgoode Law School, an expert on foreign investment deals of this sort.

Below is Part 1 of our interview:

Tue, 2008-03-25 16:13Bill Miller
Bill Miller's picture

Global warming threatens millions in teeming South Asia, study finds

About 125 million people could be made homeless by rising sea levels due to a projected four-to-five degrees Celsius increase in global temperature this century.

Research released by Greenpeace said Bangladesh, Pakistan and India have almost 130 million people living in the coastal zone most vulnerable to sea-level rise, erosion and drought.

The study comes at a time of rapid growth throughout South Asia, not only in energy consumption but also population. Not surprisingly, nobody is suggesting cutbacks on either front.

Wed, 2007-04-18 10:44Bill Miller
Bill Miller's picture

Britain and China lock horns in UN global-warming debate

The British government, which had initiated the first-ever climate-change discussions before the UN Security Council, pushed the issue because of its potential to cause wars. China, however, said the 15-member body had no authority to deal with it.

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