by Margaret Fitzgerald CANBERRA, Dec. 3 (Xinhua) -- Australian Treasurer Joe Hockey's decision to block U.S. food giant Archer Daniel Midland (ADM)'s bid for Australia's GrainCorp risks encouraging protectionists to lobby against foreign investment proposals even more strenuously in the future. The Treasurer said the proposed deal, worth 3.4 billion Australian dollars (about 3.09 billion U.S. dollar), was contrary to national interest, citing concerns over the control of key infrastructure, such as ports, and the fact that it was still taking time for increased competition to emerge since the 2008 scrapping of the single desk for wheat...
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