Business Chief APAC+ANZ Magazine August 2015 | Page 66

AAMIG
to meet with African Government delegations biannually to discuss issues of common concern affecting the industry . A key focus is helping to improve the host country understanding of the requirements for attracting direct foreign investment , including the stability of investment regimes , adherence to the rule of law , fiscal regulation and governance .
AAMIG also encourages proactive engagement with the Australian Federal Government and Heads of Mission to African countries and supports the Australian Government ’ s Economic Diplomacy policy . AAMIG provides the venue for members to be able to work with Australian Government departments and agencies ( such as DFAT , ASIO , AG , AFP etc ) with the aim of developing an Australian collaborative position for such initiatives .
AAMIG has provided a number of submissions to the Australian Federal Government on major issues including the issue of the facilitation payment defence , Australia ’ s overseas diplomatic representation and the taxation of
Australian expatriates deployed to African projects .
AAMIG members are involved in actively supporting international initiatives that the Australian Government has signed up to , such as the Millenium Development Goals ( MDGs ), Extractive Industries Transparency Initiative ( EITI ) and the Voluntary Principles on Security and Human Rights ( VPSHR ).
Creating Shared Value Notwithstanding the commonly expressed view that more can be done for communities , the resources industry alone cannot solve and pay for all of the complex challenges faced by African governments and their local communities . As an industry , AAMIG promotes the need to identify and focus on opportunities to create shared value ; where socio-economic development has meaningful benefits for society , and is also valuable to business .
AAMIG promotes the concept that creating shared value will ensure continued support by industry . Opportunities to do this are all around us if we look ; for example ; enhancing local agricultural
66 August 2015