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

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news