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

 


Another Rubber Stamp for Foreign Buy-up

Rt Hon Winston Peters
New Zealand First Leader
04 February 2014

Another Rubber Stamp for Foreign Buy-up

The takeover of Synlait Farms in Canterbury by a foreign company is no surprise, says New Zealand First.

The takeover of Synlait Farms by Shanghai Pengxin, a Chinese company, was approved by the Overseas Investment Office today. Synlait has 13 farms. Shanghai Pengxin also owns the 16 North Island farms formerly owned by the Crafar family.

“The National Government seems hell bent on allowing precious New Zealand resources to fall under the control of foreign companies,” says Rt Hon Winston Peters.

“This was a Kiwi enterprise which has become progressively foreign owned.

“This is not investment, it is a change of ownership and means more Kiwi wealth is now overseas owned.

“The rest of the world is eager to grab our land, to them it is cheap as chips.

"Under the Free Trade Agreement with China, New Zealand workers are likely to be excluded from Synlait in favour of the company’s own workers coming in.

“New Zealand First wants a halt to sales of farmland to non-resident foreign buyers.

“It’s a road to ruin and will see us being peasants in our own land.

“The Overseas Investment Office is a sham – it is a rubber stamp machine, just take a look at all the applications being let through the door – in just two months sales have been approved to Dutch, Chinese, American, Swedish, Australian, Japanese, Swiss and French interests.”

“New Zealand First’s Land Transfer (Foreign Ownership of Land Register) Amendment Bill is awaiting introduction into Parliament and will ensure there is an accurate picture of the takeover of New Zealand,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop Editor "Ask me anything" : Scoop's 'Invisible Paywall'

Operation Chrysalis: The Final Countdown - Thanks & There's Still Time To Pledge

Phew! We are now counting down the hours to the end of this crowd-funding campaign at 11pm on Sunday. Thankyou to all those Scoop readers and supporters who have pledged already. You have been awesome. But this is not over yet. More>>

 
 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news