Thursday September 17, 09:43 AM
FACTBOX-Main sources of foreign investment in Australia
Sept 17 - An Australian Senate inquiry on Thursday backed
existing rules for approving foreign investment into the country,
saying the Foreign Investment Review Board (FIRB) process
provided good protection.
For a full story, see. For more stories on
investment in Australia, click on.
The inquiry was prompted by a surge in foreign investment
proposals from resource-hungry China, which is keen to expand its
footprint in Australia's mining sector.
According to the inquiry's report, total levels of foreign
investment in Australia reached A$1.724 trillion ($1.51 trillion)
as of Dec. 31, 2008.
Here is a list of Australia's main sources of foreign
investment, inclduing financial investment, and that country's
percentage of total foreign investment in Australia.
(The figures, in billions, are before the latest surge in
applications from Chinese firms.)
- United Kingdom A$427.1 24.8 pct
- United States A$418.4 24.3 pct
- Japan A$89.5 5.2 pct
- Hong Kong A$56.3 3.3 pct
- Singapore A$43.1 2.5 pct
- Switzerland A$38.1 2.2 pct
- Germany A$36.3 2.1 pct
- Netherlands A$32.9 1.9 pct
- France A$28.9 1.7 pct
- New Zealand A$27.1 1.6 pct
- British Virgin Is A$19.2 1.1 pct
- Canada A$18.2 1.1 pct
- Belgium A$11.8 0.7 pct
- Malaysia A$10.1 0.6 pct
- China A$ 7.9 0.5 pct
Source: Australian Senate Economics References Committee,
report on foreign investment by state-owned entities.
($1=A$1.14)
(Reporting by James Grubel)
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