June 15, 1993 (34th Parliament, 3rd Session)

NDP

Steve Butland

New Democratic Party

Mr. Steve Butland (Sault Ste. Marie):

Mr. Speaker, I am happy and proud to present a bill in the name of the hon. member for Esquimalt-Juan de Fuca. It is entitled the fair trade and beneficial investment act. It amends the Special Import Measures Act so that the Canadian International Trade Tribunal can investigate whether the lack of enforced internationally recognized standards on labour, environment and human rights comprise a hidden subsidy to products imported into Canada. When CITT finds such a case it can slap these products with a countervailing tariff that is equal to the value of the hidden subsidy.
Second, it amends the Investment Canada Act to allow Canada to amend the performance requirements for foreign investment in Canada and lower the investment review threshold down to $10 million.

Topic:   FAIR TRADE AND BENEFICIAL INVESTMENT ACT
Subtopic:   MEASURE TO ENACT
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