This week in Australian foreign affairs: Morrison acknowledges Samoa’s new Government, Payne attends the Pacific Islands Forum Foreign Ministers’ Meeting, Ley welcomes the World Heritage Committee’s rejection of the proposed UNESCO “In Danger” listing for the Great Barrier Reef, and more.
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Australia has under-performed peer economies in attracting US investment since the passage of Trump’s Tax Cuts and Jobs Act in 2017. President Biden’s proposed tax changes will improve Australia’s attractiveness on a relative basis, but will likely weigh on US corporate investment globally.