Apr 28, 2008

Fishhooks In China FTA

Most of this article is crap (the Lockwood Smith/Tim Groser era!!!!) but the first bit - quoting the analysis of the NZ-China FTA's investment provisions by US academic Matthew Porterfield is worth a read. The Hive has pointed to exactly the same implications. We are not opposed to these provisions as we think that Governments should be forced to pay compensation when, through regulation or legislation, they wipe shareholder value off companies. Bad policy, such as that over Auckland Airport, will therefore hopefully be constrained as far as Chinese investors are concerned. We are impressed that the Government has been so bold.