Speed Dating or Serious Courtship? Canada and Foreign State-Owned Enterprises
Two acquisition bids by foreign state-owned enterprises (SOEs) for Canadian resource companies have raised an array of concerns about their potential impact, ranging from worries about national security and governance standards to reciprocal access to markets. While Ottawa’s current screening rules and guidelines are mostly adequate to address these concerns, mechanisms should be created to more explicitly address possible anti-competitive impacts of SOE investments and to review whether SOEs keep their good governance commitments. If Canada wants to benefit from Asia’s long-term growth potential, there is no getting around the need to facilitate trade, investment and other exchanges with China – and with other economies where the state currently plays a determining role.
|Date of creation:||Nov 2012|
|Date of revision:|
|Publication status:||Published on the C.D. Howe Institute website, November 2012|
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