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View Garnett Genuis Profile
Madam Speaker, I appreciate knowing that the member agrees with 95% of what I said, and we would love to have him over here any time.
With regard to investor-state dispute settlement, I believe, although I know some colleagues in this House do not agree, that if we are going to sign an agreement, then there has be a mechanism for dispute settlement that in some cases would allow us to go beyond simply the national courts. If a Canadian company is investing in Mexico and there are terms of the trade agreement that say it is able to make that investment and should be treated on an equal footing with local companies, but that is not happening, the company should have legal remedies that go beyond the local courts.
Unfortunately, in this particular deal we were set back in terms of investor-state dispute settlement mechanisms. Chapter 11 of the old NAFTA dealt with this issue, but we just do not have that kind of protection for Canadian companies. Of course these provisions protect American and Mexican companies investing in Canada, which should not bother us as a rule-of-law country, but it makes Canadian companies more vulnerable when making investments in other countries, particularly if there are situations in, for example, Mexico, where Canadian companies would be adversely affected.
I believe in the—
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