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.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news