Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Moves To Sort Out Maori Maori Fisheries Welcomed

Seafood Industry Welcomes New Commissioners Moves To Sort Out Maori Fisheries Allocation Row

The New Zealand Seafood Industry Council has welcomed the conciliatory approach being taken by the parties involved in the Maori fisheries allocation row.

Chief executive John Valentine said the industry was deeply concerned that the non allocation of the Maori Fisheries assets had major ramifications on the growth of the New Zealand Seafood Industry.

“The New Zealand Seafood Industry is a profitable one but this profitability would be significantly enhanced by the immediate allocation of the Maori fisheries assets.”

“The industry is heartened by the news that those involved in the issue are willing to set aside litigation and sit down with each other and work this dispute out to the satisfaction of all parties.”

“Apart from aquaculture, this industrys’ future growth rests with the maximization of the value of the current quota. The immediate allocation of that quota will help ensure that increased profits can be achieved.”

To that end the New Zealand Seafood Industry applauds moves by the Maori leaders to settle this dispute as it will not only benefit Maori aspirations but will have significant benefits for the New Zealand economy as well, ” Dr Valentine said.


Key Facts:

NZ Seafood industry exports are worth $1.3 billion
The seafood industry is the 4th largest exporter in NZ
10,000 people are employed directly by the industry
30,000 jobs are indirectly reliant on NZ Seafood Industry

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: