Tracey demands answers from the government on NAFTA Chapter 11
January 30th, 2018 - 4:04pm
Ms. Tracey Ramsey (Essex, NDP): Mr. Speaker, yesterday the U.S. trade representative emphasized that the U.S. is pushing for the right to opt out of Chapter 11's investor state provisions in NAFTA renegotiations. Canada is the most sued country in the world under these provisions which erode Canadian sovereignty and our health and environmental regulations. Chapter 11 has already cost us hundreds of millions of dollars in legal fees, settlements, and payouts to private investors.
Why are the Liberals still fighting tooth and nail to keep the NAFTA Chapter 11 that allows foreign investors to sue our government?
Hon. Andrew Leslie (Parliamentary Secretary to the Minister of Foreign Affairs (Canada-U.S. Relations), Lib.): Mr. Speaker, NAFTA has created a stable environment for trade for the last 24 years which has benefited and results in a win-win-win for Canada, the United States, and Mexico.
Chapter 11 provides certainty and security to Canadian companies that are investing abroad. We are working to find a way with our U.S. partners in preserving the benefits for our business community and labourers. This is the kind of creative approach that Canada has tabled and will continue to table in a co-operative fashion.
We will always defend our national interests and stand up for Canadian values.