MAI | FSIA | |
What does it mean? | Multilateral Agreement on Investment | Financial Services Industry Agreement |
Status | Yet to be signed by Australia | Done deal (signed) |
Focus | International Trade | Banking Industry |
Term | 20 years | No "used by" date |
Secrecy | Disclosed through the Internet | Signed without parliamentary debate |
Aim | Multinational "sovereignty" | Foreign ownership of banks |
Initiator | Kim Beazley and Peter Cook (ALP) | Bob McMullins (ALP) 1995 |