Evidence of meeting #60 for Industry, Science and Technology in the 40th Parliament, 3rd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was foreign.
A recording is available from Parliament.
5:25 p.m.
Bloc
Serge Cardin Bloc Sherbrooke, QC
I will use the remaining minute, Mr. Chair, since you took a total of four minutes away from me.
5:25 p.m.
Conservative
The Chair Conservative David Sweet
I'm sorry, Mr. Cardin, we've run out of time. I just wanted to check and see if you're okay with Mr. Campbell using the last minute to give us his three recommendations.
Mr. Campbell, your three recommendations.
5:25 p.m.
Executive Director, Canadian Centre for Policy Alternatives
Thank you very much. I really appreciate getting them on the record.
In terms of strengthening net benefit, I'll mention three.
First is binding commitments with regard to production and employment levels, existing worker contracts, new investments in fixed capital and technology, and expansion of Canadian content in supply contracts and inputs.
Lower levels of government, community stakeholders, and workers' organizations should be allowed input into the process of evaluating and reviewing proposed foreign takeovers.
All commitments should be made public, and this should be obligatory, not discretionary. They should be effectively monitored to ensure compliance. Failure to live up to the commitments should incur sanctions up to and including retroactive revocation of the takeover.
So those are a few.
5:30 p.m.
Conservative
The Chair Conservative David Sweet
Thank you very much, Mr. Campbell.
Thank you very much, gentlemen.
Again, I apologize; however, I have no responsibility for how fast time marches. Thank you very much for your testimony.
We are adjourned.