Canada’s 2021 Foreign Investment Promotion and Protection Agreement (FIPA) Model

The Government of Canada has updated its model Foreign Investment Promotion and Protection Agreement (FIPA). This new modernized and inclusive model FIPA text will serve as the basis for Canada’s future FIPA negotiations, and represents the first comprehensive revision since 2003.

The new model benefits from innovations in recent free trade agreements, such as Canada-EU Comprehensive Economic and Trade Agreement (CETA), the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and the Canada-US-Mexico Agreement (CUSMA). The model also reflects the Government of Canada’s policy to ensure that the benefits of trade and investment are more widely shared, both in Canada and abroad.

The development of the new model was informed by public consultations launched in 2018 to gather Canadians’ views. A report summarizing the feedback received is available on GAC website. Informed by these broad stakeholder consultations, Canada’s new modernized and inclusive model FIPA will:

• Provide a stable, rules-based investment environment for Canadian businesses investing abroad.
• Ensure all Canadians, including women, Indigenous peoples and SMEs, are able to benefit from these agreements.

Model FIPA text

Full text of the 2021 Canadian model FIPA

Summary of Key Innovations

The summary of key innovations of the 2021 Canadian model FIPA