“We’ll have more to say soon on the Australian government’s policy framework with respect to foreign involvement in critical infrastructure,” he will say.
“The policy will ensure that Australia’s approach to foreign investment is non-discriminatory between nation states; proportionate to the risks involved; supportive of continued foreign investment and Australia’s reputation as a foreign investment destination; and be consistent with our free trade agreement undertakings.”
From the AFR:
The speech by Mr Ciobo to the Credit Lyonnais Securities Asia forum on Monday is a bid to reassure Chinese investors who reacted angrily to the Turnbull government’s move to block the sale of the Ausgrid electricity network to Chinese interests.
…Mr Ciobo is expected to suggest on Monday that the foreign investment framework will change to “ensure” Australia’s foreign investment policy is non-discriminatory.
It may not say it out loud but it will block Chinese interests, and should.
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