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Team New Zealand win good for economy



Sport and Recreation Spokesperson

26 August 2013 MEDIA STATEMENT

Team New Zealand win good for economy
Team New Zealand winning the Louis Vuitton Cup challenger series in San Francisco will raise New Zealand’s profile in the United States and Europe, and boost our economy, Labour’s Sport and Recreation spokesperson Trevor Mallard says.

“The design team behind Team New Zealand is a high-tech brains trust. It is probably the best design team in the country and exactly the type of innovation the Government should be supporting.”

“Team New Zealand has raised offshore all but the $36 million allocated by the previous government and the resulting PAYE and GST means that New Zealand has had massive publicity at no net cost to the taxpayer,” Trevor Mallard says.


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