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Home Market Research Business

Canadian govt orders Chinese firm Hikvision to cease operations over national security concerns

by TheAdviserMagazine
9 months ago
in Business
Reading Time: 2 mins read
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Canadian govt orders Chinese firm Hikvision to cease operations over national security concerns
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The Canadian government has ordered Chinese video surveillance equipment maker Hikvision to cease all operations in the country and close its Canadian business over national security concerns, Canada’s Minister of Innovation, Science and Industry, Melanie Joly, announced on Friday (local time).

Melanie Joly noted that the government has determined that Hikvision Canada Inc.’s continued operations in Canada would be detrimental to Canada’s national security.

In a statement, Joly stated, “Following a National Security Review under the Investment Canada Act, the Government of Canada has ordered Hikvision Canada Inc. to cease all operations in Canada and close its Canadian business.””The government has determined that Hikvision Canada Inc.’s continued operations in Canada would be injurious to Canada’s national security. This determination is the result of a multi-step review that assessed information and evidence provided by Canada’s security and intelligence community,” she added.

Joly stated, “The scope of this National Security Review under the Investment Canada Act does not extend to Hikvision’s affiliate operations outside of Canada.”

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Melanie Joly encouraged all Canadians to take note of this decision and make their own decisions accordingly. Furthermore, the Canadian government has banned the purchase or use of Hikvision products in government departments, agencies, and crown corporations.

— melaniejoly (@melaniejoly)

She stated, “The Government of Canada is further conducting a review of existing properties to ensure that legacy Hikvision products are not used going forward. The Government of Canada welcomes foreign investment – but will never compromise on Canada’s national security.”



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Tags: CanadianceaseChineseConcernsfirmGovtHikvisionNationalOperationsordersSecurity
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