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Global Trade Alert

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Australia: Treasury blocks acquisition of Alita Resources Ltd by a U.S. company

Description

On 21 July 2023, according to consistent news reports, the Australian government prohibited the U.S.-based Austroid Corporation from increasing its stake in an Australian mining company, Alita Resourc...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

21 Jul 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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