The Foreign Investment Review Agency (FIRA)was designed to ensure that foreign direct investment benefitted Canadians.

Question

Quizplus · Accepted Answer

FIRA was established in 1973 to review foreign investment proposals and ensure that they were compatible with Canadian economic interests and provided a net benefit to Canada. Its goal was to balance the benefits of foreign investment with the protection of Canadian interests. However, FIRA was replaced by the Investment Canada Act in 1985, which maintained the same goal of ensuring that foreign investment provided a net benefit to Canada but with a different process for review and approval.

The Foreign Investment Review Agency (FIRA)was Designed to Ensure That