The main international investment treaty that governs our interactions with China is the agreement that we negotiated that is referred to as a “foreign investment and promotion and protection agreement”.
In broad terms, this agreement contains more or less the same commitments one would find in most of Canada's international investment treaties. I'd say one notable difference is that it doesn't guarantee equal treatment to Canadian and Chinese investors before an actual investment is made. We refer to this as “treatment pre-establishment”. It's before the company actually comes and establishes in Canada.
With respect to the treatment of fisheries and fishing, the Canada-China FIPA is in line, I'd say, with most of our modern practices and provisions. As I mentioned in my opening remarks, the agreement contains two key exceptions, or what we call “reservations”, that directly deal with fishing and fisheries. As I mentioned already, the first one is that it explicitly exempts licensing of fishing.