Mr. Speaker, I thank my colleague for his speech. We know foreign investment is important in a globalized economy.
In 2001, which was before China became a member of the World Trade Organization, Jacques Parizeau wrote, “We do not condemn the rising tide; we build levees to protect ourselves.”
Unfortunately, weakening the Investment Canada Act has caused those levees to break. We agree that Bill C‑34 offers better protection, but it is not good enough.
I would like my colleague to comment on that.