Another Bad Deal For Canada

Posted on Thursday, January 18 at 13:58 by Mike_VC
* Government programs and regulations if they “restrict or impair” investment (Article 3) * Regulations in one province that are different from those in another (Article 5.1) * The establishment of new, stricter regulations (Article 5.3) * Initiatives by one province that the other does not agree with (Article 7.2) TILMA disputes will be arbitrated by independent panels with the power to penalize governments with fines as high as $5 million for violating the agreement, and governments can be hit with repeated complaints against the same program or regulation. Gary Mar, the cabinet minister responsible for negotiating TILMA for Alberta, says that its dispute resolution process is “everything Canadian business asked for,” and that it means TILMA “is backed by some very big teeth.”

Note: http://www.canadians.or...

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