Business Review Australia - October 2014

Page 94

PHILBARA REGIONAL COUNCIL beyond the current disinterested coexistence. The PRC has been actively encouraging the Pilbara region towards greater degrees of sophistication in the packaging and marketing of foreign direct investment for the region in order to support a step change in the nature of the Pilbara primary industry. This has extended to advocacy for the formation of a special economic

Pilbara region mining site 94

October 2014

zone within the region. Australia is the only country around the Indian ocean rim that is not taking advantage of the benefits that a special economic zone can bring in terms of encouraging inbound investment. The Thailand car industry is a stellar example of the impacts of these zones – unfortunately to Australia’s detriment in that particular example. The Federal Government’s vision


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