Why would FTAA rules on investment be in Canadas interest?
• The region is a prime destination for Canadian Foreign Direct Investment (FDI) abroad. In 2004, CDIA in FTAA countries amounted to $257 billion and accounted for nearly 60% of total CDIA in the world. The stock of CDIA in non-NAFTA countries of the FTAA has grown at a fast pace, jumping from only $3.7 billion in 1990 to $60.6 billion in 2004. The stock of FDI in Canada from non-NAFTA countries of the FTAA totalled $2.6 billion in 2004. • In this context, Canada has strong interest in seeking a rules-based, secure, and transparent environment for its investors and their investments in the Hemisphere.
Related Questions
- What rules apply to communications for investment company products such as mutual funds, variable contracts and unit investment trusts (UIT)?
- What are the benefits for developing countries of negotiating investment rules in the FTAA?
- How are the COBS rules on investment research different from the old ones?
