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ARTICLE · 21 JANUARY 2008

Canadian Counsil @ Gowlings - December 19, 2007

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On December 7, 2007, Canada's Minister of Industry issued guidelines clarifying the application of the Investment Canada Act (ICA), Canada's foreign investment review regime, to proposed investments in Canada by foreign state-owned enterprises (SOEs).

CanadaGovernment, Public Sector
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Edited by Christopher Alam

Contents :

  • Federal Government Clarifies Rules on Foreign Investment by State-Owned Enterprises
  • New Quebec Provisions on Distance Contracts

Federal Government Clarifies Rules On Foreign Investment By State-Owned Enterprises

On December 7, 2007, Canada's Minister of Industry issued guidelines clarifying the application of the Investment Canada Act (ICA), Canada's foreign investment review regime, to proposed investments in Canada by foreign state-owned enterprises (SOEs).

Foreign investment is critical to the Canadian economy. A recent Statistics Canada study found that, among other significant benefits, foreign companies operating in Canada have generated two thirds of Canada's productivity growth over the last three decades. However, foreign investment by SOEs has accounted for a very small percentage -

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