Canada: Foreign ownership ceilings raised in some key sectors
Description
On March 3, 2010 the government of Canada announced to increase foreign ownership ceilings in several sectors such as air transportation, uranium activities and telecom sector. This investment policy measure aims at improving the entry conditions for foreign investors.
The proposals for this investment policy measure was included in the June 2008 report, Compete to Win, the Competition Policy Review Panel (the Panel), which made several recommendations for improving the competitiveness and economic performance of the Canadian economy.
On March 3, 2010 the Governor General of the Canadian federal government announced to “open Canada’s doors further to venture capital and to foreign investment in key sectors, including the satellite and telecommunications industries.”
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 03/03/2010
Implemented: Yes
Date of inception: 3 Mar 2010
GTA Evaluation: Amber
Source:
Investment Policy Brief, A Periodic Report by the UNCTAD Secretariat, No. 2, 20 April 2010.
Federal Government Signals Easing of Foreign Ownership Restrictions in Telecom Sector
By John Leddy
http://www.osler.com/NewsResources/Details.aspx?id=2019
Government Response:
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