Mr. Speaker, the member talked at length about some of the known guidelines in the Prime Minister's announcement that state-owned enterprises would now be at a $330 million level and that there are other thresholds at $1 billion.
The CNOOC investment in this particular case is an investment of $15 billion. CNOOC is owned 64% by the state. In 2012, there was a report by the U.S.-China economic and security review commission. It is very worried about Chinese involvement. I will read a quote from that and ask the member about reciprocity. It reads:
The Chinese government guides FDI into those sectors it wishes to see grow and develop with the help of foreign technology and capital. Foreign investors are frequently forced into joint ventures or other technology-sharing arrangements, such as setting up research and development facilities, in exchange for access to China’s market. Meanwhile, large swathes of the Chinese economy are closed to foreign investors. China’s investment policies are part of the government’s plan to promote the development of key industries in China through access to foreign technology and capital.
Did we, as a result of the deal on Friday, which the Prime Minister signed without a whole lot of public transparency, get reciprocity into that market to cover off some of these concerns?