Mr. Speaker, as the hon. member may know, about two months ago Canada put forth a six point plan. One of the points dealt with the question of capital liberalization. We took the position that countries should not be forced into capital liberalization until they are ready and until their markets are sufficiently sophisticated that they ought to be able to put in place means of preventing hot money from coming into their countries.
In the House of Commons on November 16th, 1998. See this statement in context.