The short name of the Agreement Between the Government of Canada and the Government of the People's Republic of China for the Promotion and Reciprocal Protection of Investments used by Global Affairs Canada is the Canada-China Promotion and Reciprocal Protection of Investments Agreement.
[Notes 1] Corporations that engage in bilateral trade can use FIPAs to protect against public policies that interfere with their operation's revenue.
This ensures "fair and equitable treatment and full protection and security in accordance with the principles of customary international law.
[9]: 23 According to a 2014 article published by Osler, the Agreement provides safeguards to Canadian investors in the Chinese economy.
[13] The agreement did not include a "long-standing Canadian reservation for performance requirements that favour Aboriginal peoples".
[13] These and other textual aspects of the China FIPPA are highlighted in comparison to other trade and investment treaties, especially those to which Canada is a party, that provide for investor state arbitration.
[15]: 6 The CCPRPIA was mentioned by Elizabeth May in the second French leadership debate of the 2019 Canadian federal election on 10 October.