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- Foreign_Investment_Review_Agency abstract "The Foreign Investment Review Agency (FIRA) was established by Pierre Trudeau in 1973 to ensure that the foreign acquisition and establishment of businesses in Canada was beneficial to the country. The Foreign Investment Review Act that created the agency was the culmination of a series of government reports and debates. The 1957 report of the Gordon Commission (formally titled Royal Commission on Canada's Economic Prospects) firmly planted foreign investment on the political agenda. Next, the 1968 Watkins report (known formally as Foreign Ownership and the Structure of Canadian Industry), called for a national policy capable of handling Canada’s interests in the age of the multinational corporation. In 1970, the Wahn Report expanded the idea of a screening process, and finally the Gray report (known officially as Foreign Direct Investment in Canada) provided the rationale and framework for the agency. FIRA was placed under the jurisdiction of the Department of Industry and later, when it was merged with the Department of Trade and Commerce, under the newly named Department of Industry, Trade and Commerce. As outlined in section 2(2) of the act, takeovers were assessed based on their contribution to job creation, Canadian participation in management, competition with existing industries, new technology, and compatibility with federal and provincial economic policies. When Prime Minister Brian Mulroney came to office in 1985, the agency was renamed Investment Canada and its mandate drastically reduced.".
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- Foreign_Investment_Review_Agency wikiPageRevisionID "598671280".
- Foreign_Investment_Review_Agency hasPhotoCollection Foreign_Investment_Review_Agency.
- Foreign_Investment_Review_Agency subject Category:Canadian_federal_departments_and_agencies.
- Foreign_Investment_Review_Agency subject Category:Foreign_relations_of_Canada.
- Foreign_Investment_Review_Agency subject Category:Investment_agencies.
- Foreign_Investment_Review_Agency subject Category:Pierre_Trudeau.
- Foreign_Investment_Review_Agency type Abstraction100002137.
- Foreign_Investment_Review_Agency type AdministrativeUnit108077292.
- Foreign_Investment_Review_Agency type Agency108337324.
- Foreign_Investment_Review_Agency type CanadianFederalDepartmentsAndAgencies.
- Foreign_Investment_Review_Agency type Department108114861.
- Foreign_Investment_Review_Agency type Division108220714.
- Foreign_Investment_Review_Agency type FederalDepartment108122141.
- Foreign_Investment_Review_Agency type GovernmentDepartment108119821.
- Foreign_Investment_Review_Agency type Group100031264.
- Foreign_Investment_Review_Agency type InvestmentAgencies.
- Foreign_Investment_Review_Agency type Organization108008335.
- Foreign_Investment_Review_Agency type SocialGroup107950920.
- Foreign_Investment_Review_Agency type Unit108189659.
- Foreign_Investment_Review_Agency type YagoLegalActor.
- Foreign_Investment_Review_Agency type YagoLegalActorGeo.
- Foreign_Investment_Review_Agency type YagoPermanentlyLocatedEntity.
- Foreign_Investment_Review_Agency comment "The Foreign Investment Review Agency (FIRA) was established by Pierre Trudeau in 1973 to ensure that the foreign acquisition and establishment of businesses in Canada was beneficial to the country. The Foreign Investment Review Act that created the agency was the culmination of a series of government reports and debates. The 1957 report of the Gordon Commission (formally titled Royal Commission on Canada's Economic Prospects) firmly planted foreign investment on the political agenda.".
- Foreign_Investment_Review_Agency label "Foreign Investment Review Agency".
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- Foreign_Investment_Review_Agency isPrimaryTopicOf Foreign_Investment_Review_Agency.