Mr. Speaker, this is a very well-intended program and it is designed to allow private sector companies or individuals in Canada to invest in countries that are emerging in terms of their developing economies. However, it was found, upon review, that it would be more effective to have this under the international trade area, where there are some 150 trade offices around the world with over 950 representatives who can work with private sector companies in Canada to guide them and also to give resources to allow them to invest in emerging countries to help poverty issues in those countries and also benefit Canadians at the same time.
In the House of Commons on June 3rd, 2009. See this statement in context.