INDU Committee Related Document

That the House of Commons Standing Committee on Industry, Natural Resources, Science and Technology review Canada’s industrial strategy and make recommendations on, among other things, modernizing Canada’s regulatory and foreign investment frameworks with the goal of ensuring that Canada remains competitive in the global, knowledge-based economy of the 21^st century.

The study will focus on the energy, manufacturing and services sectors, in particular the oil and gas industry, apparel and textile industries, and the automotive sub-sector, and will address the following issues:

1. The Government of Canada’s progress in implementing its “Smart Regulation” initiative and responding to the recommendations of the External Advisory Committee on Smart Regulation;
   
   
2. Canada’s inward foreign investment policy framework, including reviews of the Investment Canada Act, Canada’s investment branding strategy, measures to encourage R&D, initiatives to build a more highly skilled labour force and Canada’s business tax regime; and
   
   
3. Canadian outward foreign investment, including outsourcing and off-shoring activities by Canadian corporations.