3rd Oct 2013 05:57
MELBOURNE (Alliance News) - BHP Billiton (BHP.AX, BLT.L, BBL, BHP) outlined its productivity agenda to capitalise on the next phase of the Asian growth cycle. The company said the commodities that would feed future China growth would require Australia's resources industry to continue to improve its competitiveness. As China transitions to a more consumption based economy, the company expects that commodities supporting the production of food, energy and consumer goods will see more durable demand growth over an extended part of the economic development curve. The company believes government also had a role in securing future investment - particularly in taxation and industrial relations policy and addressing duplication between state and federal regulatory obligations.
BHP Billiton President, HSEC, Marketing and Technology, Mike Henry, said: "To ensure Australian projects are not disadvantaged, tax policy should target reforms that deliver more competitive, sustainable taxation and help make the system more efficient and internationally competitive. Similarly we can reduce the burden of duplicated green tape processes while still maintaining the highest environmental standards."
Copyright RTT News/dpa-AFX
Related Shares:
BHP Group