Australia’s mining lobby has attacked Labor’s opposition to ‘free trade agreement’ (FTA) with Indonesia, claiming it must include an investor-state dispute settlement (ISDS) clause, given the Indonesian government’s recent policy of requiring resources projects to have majority ownership. From The AFR:
Australian resources companies, such as Newcrest Mining and Rio Tinto, have been hit by an Indonesian law change forcing foreign firms to sell down stakes in mines and to increase domestic ownership to at least 51 per cent by the 10th year of production…
