The Ontario Securities commission stated in its fraud allegation against Sino-forest:”"certain PRC forestry bureau employees obtained gifts and cash payments from Suppliers of Sino-Forest,further undermining the value of the Confirmations as evidence of ownership.”

If the OSC cannot even trust the Chinese government bureaus, Canadians have to ask: how can the FIPA ensure greater protection to Canadian investors when the Chinese government itself is distrusted? How can Canadians trust the Chinese to do what they promised to do in the Nexen deal or in any other business co-operation with Canada?

It is obvious: either the OSC has made a mistake of distrusting the Chinese government officials and its allegation against Sino-forest is wrong, or the Chinese government is not ready to be a proper business partner of Canada yet, as the OSC has proved.

A transparent review process for Sino-forest case is necessary before the Nexen deal should be allowed to go through.