THE impending sale of Macquarie Textiles’ building sees yet another of our manufacturing industries gone overseas — this time to India and China.
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If the Prime Minister Tony Abbott gets his trade agreement (it’s anything but free) with China, then we will probably see the goods once manufactured here now coming from China. There be more foreign investment, buying up our infrastructure and land and it won’t be properly scrutinised.
A trade-off with the recent trade agreements with Japan and South Korea appear to be that foreign investment limits will rise to more than a billion dollars without needing the approval of the Foreign Investment Review Board.
Where was the National Party and Barnaby Joyce protesting against these increases in foreign investment as they did so loudly when in opposition?
So obviously this government’s priority is to have goods manufactured overseas and to create overseas jobs at the expense of Australian jobs and, at the same time, to allow foreign investment without any scrutiny.
— PETER HOOD,
Albury