Miners warn Labor over Indonesia FTA

Original article by John Kehoe, Ronald Mizen
The Australian Financial Review – Page: 6 : 17-Oct-18

Australian mining companies argue that a proposed free-trade agreement with Indonesia must include an investor-state dispute settlement clause, given the Indonesian government’s recent policy of requiring resources projects to have majority ownership. The mining sector accounts for about one-third of Australia’s foreign direct investment in Indonesia. However, Labor opposes the federal government’s plans to include an ISDS clause in the FTA, a stance that is backed by unions.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN LABOR PARTY, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BLUESCOPE STEEL LIMITED – ASX BSL, COCA-COLA AMATIL LIMITED – ASX CCL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIA-INDONESIA BUSINESS COUNCIL LIMITED, FREEPORT-McMORAN COPPER AND GOLD INCORPORATED, CHURCHILL MINING PLC, PLANET MINING, AUSTRALIA. EXPORT FINANCE AND INSURANCE CORPORATION, INDONESIA-AUSTRALIA BUSINESS PARTNERSHIP GROUP, LAW COUNCIL OF AUSTRALIA, PHILIP MORRIS INTERNATIONAL INCORPORATED, WHITE INDUSTRIES AUSTRALIA LIMITED

Leave a comment