Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


National interest criteria for foreign investment

Hon Jim Anderton
Deputy Prime Minister

News Release

15th May 2000

National interest criteria for foreign investment needed

Deputy Prime Minister Jim Anderton has renewed his calls for national interest criteria on foreign investment after the announcement today that CanWest is looking to buy 100% of Radio Works.

"The sale of Radio Works to foreign buyer CanWest would mean that 90% of the New Zealand radio market would be controlled by foreign interests," Deputy Prime Minister Jim Anderton said

"Two companies would own 90% of our radio market. Including TV3 and TV4, CanWest owns a significant proportion of our broadcast media.

"I am not criticising CanWest particularly but how can it be in New Zealand's interest for almost all of our media to be foreign owned.

"New Zealand needs stronger rules concerning foreign investment.

"This national interest criteria should protect New Zealand's cultural assets.
Proposed foreign investments would have to create jobs, introduce new technology and not harm the environment or further worsen the current account deficit.

"TVNZ is the only significant broadcaster left in public hands. There are very few other countries that allow open slather foreign ownership of their broadcast media," Jim Anderton said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>


Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>


Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>


Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>


Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>





InfoPages News Channels