Foreign investment election talks welcome

The West Australian
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WAFarmers welcomes the issue of foreign investment entering the Federal election dialogue.

As part of WAFarmers five policy priorities, WAFarmers is calling for a balanced foreign investment policy to be established following a full investigation into the current state of play through a foreign investment register.

WAFarmers President Dale Park said it was encouraging to see both parties commit to establishing such a register.

"Without knowing where we stand in terms of foreign investment, it is difficult to plan a path forward - that is why WAFarmers has been calling for a register for some time," Mr Park said. "When issues like this receive bipartisan support, it is often the case that they become less important once a party wins office, so we hope that whoever wins the September 7 election stands by their commitment."

Mr Park said there was a need for an injection of capital into the agriculture sector, which could be provided by foreign investors.

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"The future government must recognise the importance of international flows of capital in any agriculture policy - the future competitiveness and profitability of the sector relies on it."

The call for a balanced foreign investment policy is the fourth policy priority of WAFarmers ahead of the election, following on from expanding live export, ensuring financial competitiveness and maintaining fuel affordability.

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