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Analyses the process of economic change in Northeast Asia and assesses its implications for Australia. Recommendations are included for policy and other responses which would increase the economic, political and wider benefits to Australia.
Australia continues to seek closer economic relationships with its Asian neighbours and other countries around the globe, particularly through the conclusion of treaties governing trade and investment matters. Australia's investment relationship with Japan is underpinned by several such agreements, from the 1957 Agreement on Commerce to the 2018 Comprehensive and Progressive Agreement for Trans-Pacific Partnership. As increasing material becomes publicly available regarding the negotiation of earlier economic treaties, lessons can be learned for ongoing negotiations and economic policies. This article considers the negotiation of the 1976 Basic Treaty of Friendship and Co-operation between Australia and Japan as a way of reflecting on the development of international investment law and its implications for Australia's trade and investment strategy. Even at that time, negotiators were aware of the potential for overly expansive interpretations of investment obligations to hinder Australian regulatory autonomy -- something of much greater concern now that Japanese investors may bring claims directly against Australia as host State.
In Parliamentary Diplomacy in European and Global Governance, 27 experts from all over the world analyse the fast-expanding phenomenon of parliamentary diplomacy. Through a wealth of empirical case studies, the book demonstrates that parliamentarians and parliamentary assemblies have an increasingly important international role. The volume begins with parliamentary diplomacy in Europe, because the European Parliament is one of the strongest autonomous institutional actors in world politics. The study then examines parliamentary diplomacy in relations between Europe and third countries or regions (Mexico, Turkey, Russia, the Mediterranean), before turning attention to the rest of the world: North and South America, Asia, Africa and Australia. This pioneering volume confirms the worldwide nature and salience of parliamentary diplomacy in contemporary global politics.