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


Non-English speaking migrants best for trade

Non-English speaking migrants best for trade growth - NZIER

June 30 - New Zealand's immigration policy should target more non-English speaking migrants because of their value in opening up new markets and tourism, according to a research report by the New Zealand Institute for Economic Research, released today.

The "Trade, Diaspora and Migration to New Zealand" report sifts migration and export industry data to show a direct correlation between increased migration from a country leading to greater trade with that country.

"On average, if New Zealand receives 10% more migrants from a particular country, exports to that country grow by 0.6% and imports from it by 1.9%.

"The benefits are greatest when migrants come from developing countries where English language is not dominant," NZIER's chief economist, Jean-Pierre de Raad said. "Their ability to speak languages other than English, navigate legal systems and draw on social and commercial networks in their origin countries are all valuable tools in stimulating trade."

If immigration policy concentrated more on increasing trade, as opposed to the current heavy focus on English-speaking migrants to address local skills shortages, it should look more to such non-English speaking sources of migrants.

"Given our relatively poor performance in terms of international linkages, perhaps a revision of the strategic objectives of immigration policy is warranted," the Institute said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>


Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>