Ms. Tracey Ramsey (Essex, NDP)
Mr. Speaker, CETA will dramatically increase foreign takeovers of Canadian companies by raising the threshold for reviews from $600 million to $1.5 billion. This will apply to EU companies as well as American, Chinese, Russian, and many other foreign companies.
The EU is years away from fully ratifying CETA. Why is the government moving full steam ahead?
Instead of permitting more foreign takeovers, the Liberals should be standing up for Canadians by tightening the rules. Will the Liberals support the NDP's amendments to remove these dangerous provisions from CETA?
Subtopic: International Trade