Explainer - Indonesia - Australia Free Trade Agreement
Wednesday March 6, 2019: Dr Patricia Ranald's article in The Conversation explains that the new Indonesia - Australia Comprehensive Partnership Agreement has no independent assessment of costs and benefits. There are no chapters committing both governments to United Nations standards for labour rights and the environment to prevent a race to the bottom. But it does have a chapter allowing foreign investors to sue governments if the investor can argue that a new law or policy has harmed their investment (ISDS). And it greatly increases the number of working holiday visas to be issued to Indonesian workers despite the evidence that many of these workers face grave exploitation in Australia. All of these issues contradict the new Labor Party trade policy.