Investment Canada Act Update Part of Restructuring Globalization Away From China: Business Professor

Started by Epoch-Times-Bot, Dec 14, 2022, 11:30 AM

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Dec 14, 2022, 11:30 AM
Investment Canada Act Update Part of Restructuring Globalization Away From China: Business Professor

News Analysis
Ottawa has recently put forth major initiatives to protect against national security threats from China, including the Indo-Pacific and critical minerals strategies along with significant updates to legislation surrounding foreign investment.
Carleton University business professor Ian Lee says the updates to the Investment Canada Act (ICA) are part of a "restructuring of globalization" toward "friendshoring," aiming to increase coordination among like-minded allies. Canada is thus aligning itself more closely with the U.S. sphere of influence and distancing itself from China, he added.
The Dec. 7 announcement of modernizing the ICA is said to be country-agnostic; however, the feds described China as an "increasingly disruptive global power" in its Indo-Pacific Strategy released Nov. 27....

Source: Investment Canada Act Update Part of Restructuring Globalization Away From China: Business Professor

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