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Decentralized Democracy

House Hansard - 163

44th Parl. 1st Sess.
February 17, 2023 10:00AM
  • Feb/17/23 11:56:47 a.m.
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Mr. Speaker, of course we know that foreign interference exists. This is what we have been talking about since we have been in office. It is precisely why we have put forward several measures to strengthen our democracy and our democratic institutions, and ensure that our elections are free and fair. Foreign interference happens to countries around the world. We work with our partners and allies on how to counter it. I encourage all members of the House to bring forward solutions instead of behaving recklessly like the Conservatives, who use national security as a partisan issue.
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  • Feb/17/23 12:34:44 p.m.
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  • Re: Bill C-34 
Mr. Speaker, in the questions and responses, I think there has been some confusion about what this bill addresses, which is investment by foreign state-owned enterprises as opposed to foreign investment that is private and not from authoritarian state-owned enterprises. I wonder if the member could use the remaining time to ensure that we understand the difference.
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  • Feb/17/23 1:02:54 p.m.
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  • Re: Bill C-34 
Mr. Speaker, there is no doubt that we do a lot of trade with China. The imports and exports are very important for our economy. This new bill should include the acquisitions of any foreign state-owned enterprise. We cannot just rely on the fact that a company is worth $500 million or more. Every company that is directly or indirectly managed by an autocratic government must be included in this bill.
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  • Feb/17/23 1:16:20 p.m.
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  • Re: Bill C-34 
Mr. Speaker, according to the latest data released, last year, there were 1,255 foreign investment projects totalling $87 billion. Only eight of those projects were reviewed. With this bill, that number would increase to 24, which is barely 2% of foreign investment projects. Does my colleague think that is enough?
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  • Feb/17/23 1:18:53 p.m.
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  • Re: Bill C-34 
Mr. Speaker, I do not think the Liberal members are confused at all. They know exactly what they are doing. They are helping a foreign state actor influence our economy and now our elections. To that point, we have an example. In 2020, the Department of Foreign Affairs awarded a contract to the Chinese-based company Nuctech to supply X-ray equipment to, of all places, embassies. This is not a mistake. They are doing this on purpose. The only reason why this would be taking place is to let a foreign state actor into our embassies, to scan documents and articles going into embassies across the world. This is not incompetence; it is by design.
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