Thank you, Madam Chair.
I want to thank you, committee members, for inviting me here today. I'd like to discuss three topics related to today's meeting. The first has to do with the stability of the Investment Canada Act. The second topic is the definition of a strategic Canadian industry. What does “strategic” mean? The third topic has to do with takeovers by state-owned enterprises of authoritarian countries.
I'd like to start by talking about the stability of the Investment Canada Act. In principle, the act should not be amended in response to a pandemic, such as the COVID-19 pandemic, or any other one-time event. In principle, the act should be robust and stand the test of time. It should be amended only in response to structural changes, over the medium and long term, within the Canadian and global economies.