Trade and Investment Minister Andrew Robb needs to realise that slogans and rhetoric are no substitute for action when it comes to boosting investment in Australia.
Mr Robbs Ministerial Statement on Investment today little more than a sheaf of talking points failed to outline any coherent strategy for attracting foreign investment or boosting domestic savings.
The Minister manages to reach all the way back to the First Fleet, yet he ignores last Novembers anti-investment decision by the Treasurer Joe Hockey to block the proposed takeover of GrainCorp by Archer Daniels Midland.
The ADM fiasco is one of several ways in which the Abbott Government has deterred investment, including:

• Halting investment in the renewable energy sector by creating massive uncertainty and regulatory risk;
• Adverse superannuation changes, which will reduce the pool of national savings available to fund investment by an estimated $150 billion;
• Failing to stand up to the Nationals over screening of investments in the agriculture industry, and;
• Abandoning the Australia in the Asian Century White Papers strategies for engaging with the economies of our region.

Stimulating investment in Australia requires more than putting up an open for business sign on a Prime Ministerial lectern or reading out a flimsy statement in Parliament.