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Pressure is mounting on the federal government to take back key national assets from Chinese control amid fears the communist superpower could disrupt our crucial infrastructure using advanced cyber attacks. Two of Australia s most important harbours - Darwin Port and the Port of Newcastle - were leased to Chinese companies as state governments cashed in on lucrative private investment. The Port of Newcastle, the world s biggest coal port, was handed over to a Chinese-backed consortium for 98 years for $1.75 billion when Mike Baird was NSW Premier in 2014. The decision means the port is half controlled by Aussie company Gardior and half by China Merchants Port Holdings Company until 2112. ....
BRITISH High Commissioner Charles Hay (pic) had his work cut out for him when he began his posting to Malaysia on a high note in March 2019. He made elaborate preparations, even taking up Bahasa Malaysia lessons to better interact with Malaysians. His promising start was affected by the Covid-19 pandemic last year, but the father of two daughters who was a Captain in the British Army before joining the Foreign and Commonwealth Office in 1993 used his vast experience to make his presence count. He focused his efforts on helping British businesses navigate the movement control order (MCO) restrictions imposed by the Malaysian government. ....
Investment Arbitration and India: 2020 Year in Review Thursday, February 25, 2021 For the Indian foreign direct investment landscape, 2020 was a mixed bag of equity inflows, policy changes, arbitration awards and innovative dispute resolution strategies. In September 2020, FDI equity inflows in India crossed the USD 500 billion milestone, computed over a period of 20 years starting from April 2000. 1 While global FDI witnessed a steep decline of 42%, India noted a 13% increase in FDI inflows. 2 India’s tightened scrutiny of FDI from her neighbours and FDI in e-commerce invited intense discussion. However, the culmination of key long-standing arbitration proceedings initiated by foreign investors against India under international investment treaties invited global attention, especially in the final quarter of 2020. These disputes were initiated by foreign investors to challenge measures adopted by the Indian government and State entities that adverse ....
Pakistan, Korea agree to hold further talks on trade Islamabad January 10, 2021 Islamabad : Pakistan and the Republic of Korea have agreed to hold further negotiations on the proposed Free Trade Agreement (FTA) for increasing bilateral trade and promote free trade between the two countries. Pakistan and the Republic of Korea had fruitful discussions on prospects of Free Trade Agreement (FTA) to increase the bilateral trade and also enhance the trade volume, a senior official of the Ministry of Commerce told this agency here on Saturday. He said that FTA was proposed by Pakistan in trade negotiations between both sides in Seoul to increase the trade volume. ....
Review prospects of free trade agreement between two countries ISLAMABAD: Delegates of the Ministry of Commerce and Korean Ministry of Trade, Industry and Energy met for the third round of Joint Trade Committee on Wednesday to discuss trade and investment linkages between the two countries. In a virtual meeting, the Korean delegation, headed by Ministry of Trade, Industry and Energy Director General (International Trade Relations) Chun Yoonjong raised the corporate issues faced by companies in Pakistan and requested to resolve them. The Korean side expressed satisfaction with regard to the outcome of the last JTC meeting that led to the resolution of corporate issues faced by the Korean companies. ....