Thank you, Mr. Chair.
The existing definition of state-owned enterprises in the ICA, as I noted, already allows the government to review investments that involve SOEs that would be headquartered in such a country, without setting out subjective parameters.
Obviously, one can imagine that when one sets out parameters like “democratic rights and freedoms are not recognized”, there is a degree of subjectivity, to which recognition or non-recognition may be called into question. The degree to which that recognition and the determinations about a geography on the basis of that recognition may actually be seen as potentially prejudicial or discretionary. As such, again, that could set out concerns from others about the degree to which, potentially, the act is not actually geographically neutral.