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


GIAB focus on agribusiness as key to growth

Growth and Innovation Advisory Board

Media Release

The GIAB focus on agribusiness as key to growth and innovation

Enabling New Zealand's world-class primary industries to maintain their role as New Zealand’s leading export earner, by innovation and wealth creation, is the aim of an agribusiness project being undertaken by the Government’s Growth and Innovation Advisory Board (GIAB).

"Harnessing the future innovative capacity of agribusiness is vital to lifting New Zealand’s growth rate and its standing in the international income league," GIAB chair Rick Christie said today.

"New Zealand's land-based industries have proved time and again their capacity to innovate, increase productivity and add value. Agribusiness in New Zealand has true world-class scale and specialisation and it belongs at the centre of the growth programme.

"The growth and innovation framework sees a future New Zealand driven by science and market-led innovation, with an increasingly skilled, motivated and well-rewarded workforce and strong global linkages. The further application of biotechnology and ICT to our already world-leading, land based industries will underpin their continuing strong performance.

“Agribusiness is a large, capital and knowledge intensive cluster with a big future in its ability to take advantage of growing world demand and new technologies being developed both upstream and downstream.”

"The Growth and Innovation Advisory Board will act as a catalyst and facilitator, bringing together industry players and key government agencies to identify areas of highest growth potential and a programme for action."

Mr Christie said that GIAB had already commissioned a scoping report on the sector from the Ministry of Agriculture and Forestry. “This is an excellent report which brings us a timely update on the sector and its future potential”, he said. “However, it is also a reminder that New Zealanders cannot take the continued growth of these industries for granted.”

"We are now engaging with other government agencies and with private sector interests to develop a shared vision of the future path for the sector. We intend to report to the Prime Minister before the end of the year," Mr Christie concluded.

Notes for the Editor:
The MAF report Contribution of the Land-based Primary Industries to New Zealand’s Economic Growth is available from the MAF website

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news