China News Agency, Toronto, April 19 (Reporter Yu Ruidong) The Canadian government said that under the special situation of the new crown epidemic, the Canadian authorities will strictly review certain foreign investments entering Canada in accordance with the Canadian Investment Act.
A policy statement issued by the Canadian Ministry of Innovation, Science and Economic Development on April 18 said that, as in other major economies, the epidemic has caused many Canadian companies to fall in valuation. This may lead to "opportunistic investment behavior." The Canadian government said it will ensure that foreign investment does not pose new risks to the country ’s economy or national security (including public health and safety).
Canadian Prime Minister Justin Trudeau responded to the media in Ottawa on the 19th and said that Canadian authorities will pay close attention to foreign investment to ensure that no one "uses" the crisis.
According to the authorities ’policy statement, the Canadian government will pay special attention to review any foreign direct investment related to public health in Canada or involving the provision of key goods and services to Canada.
The policy statement said that the Canadian government will also strictly review all foreign investments from state-owned enterprises or individual investors who are considered to have close ties with foreign governments, regardless of their value.
Recently, many European countries such as Spain and Germany and countries such as Australia have also taken measures to restrict or strengthen review of foreign investors. (Finish)