Evidence of meeting #30 for Canada-China Relations in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was aiib.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Bob Pickard  As an Individual
Steven Kuhn  Associate Assistant Deputy Minister, International Trade and Finance Branch, Department of Finance
Julie Trépanier  Director General, International Finance and Development Division, Department of Finance

5:55 p.m.

NDP

Niki Ashton NDP Churchill—Keewatinook Aski, MB

Obviously, I'm not a permanent member of this committee, but it seems to me that we're discussing the projects and the potential benefits, one would hope, to Canadian companies, but not actually hearing from said companies. We're clearly missing an entire piece here, which relates to one of the three key tenets of why Canada is engaged in an institution like the AIIB.

I want to go back to that question of values, which you mentioned is one of the three reasons that we engage with institutions like the AIIB and others. One Canadian value that's been thrown around today is that of multilateralism. One will note that multilateralism doesn't mean that we always agree with each other. Canada and China can have disagreements. Canada and other countries can have disagreements. But there is value in working together and recognizing that China is one of our major trading partners. There are incredible economic opportunities, it seems, for Canadian companies to engage in projects in the AIIB.

Would you agree that it is beneficial for Canada to engage in multilateral institutions and that this kind of engagement is beneficial to obviously not just people overseas but Canadians as well?

5:55 p.m.

Associate Assistant Deputy Minister, International Trade and Finance Branch, Department of Finance

Steven Kuhn

Yes, I would agree. There are clear examples of the benefits that have been brought to the AIIB as an institution and the projects it is financing, as a result of Canada's approach to multilateralism.

5:55 p.m.

NDP

Niki Ashton NDP Churchill—Keewatinook Aski, MB

I have one quick question.

There was reference to problematic projects regarding displacement. I certainly represent an area ravaged by hydroelectric development that displaced thousands of indigenous peoples and destroyed the environment. Obviously, that was not part of the AIIB, but a Canadian government that went forward with this kind of a project.

To the broader question, on some of the projects I've seen on the website, we're talking about life-and-death issues. Do you think that Canadians would see it as important to invest in these kinds of initiatives on the ground, whether it's in health or, frankly, climate?

6 p.m.

Associate Assistant Deputy Minister, International Trade and Finance Branch, Department of Finance

Steven Kuhn

I can't speak on behalf of Canadians, and that's not my job. But certainly when I look at the project list of the AIIB, I think there are important projects that are happening as a result of that institution.

That is not to say that we have a conclusion with respect to what the Government of Canada's engagement is with the institution. I need to emphasize that the review is ongoing and that we do not have declared positions on some of these issues. The review is complex and it is sensitive. Even this conversation that we're having today is an important one for us to be able to take note of the concerns that people have with respect to the institution and how it operates.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

All right. This brings us to the end of our third round.

Now, I don't want to shortchange the committee. There are probably three or four minutes left to take us to the full 90 minutes.

We want to get our money's worth out of Madam Trépanier and—

6 p.m.

Liberal

Rob Oliphant Liberal Don Valley West, ON

I have a point of order.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

Yes.

6 p.m.

Liberal

Rob Oliphant Liberal Don Valley West, ON

The notice of meeting takes us to 6. I believe it is now after 6.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

We started late, Mr. Oliphant.

Again, in fairness, as I say, I did not want to shortchange the committee.

Are there further questions—?

6 p.m.

An hon. member

I move to adjourn.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

We have a motion to adjourn.

6 p.m.

Some hon. members

Agreed.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

All right, thank you.

To all of you, have an absolutely Merry Christmas.

Thank you again to our analysts and our clerk.

6 p.m.

An hon. member

We'll be back on Monday.

6 p.m.

Liberal

The Chair Liberal Ken Hardie

No, we won't.

To our interpreters and all of the staff who support us, I hope you have a wonderful Christmas season.

The meeting is adjourned.