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

 


Business Growth Agenda boosting investment, jobs & growth

Business Growth Agenda boosting investment, jobs & growth


The Government’s comprehensive Business Growth Agenda is delivering greater business investment, more jobs and higher wages for New Zealanders, Finance Minister Bill English and Economic Development Minister Steven Joyce say.

The two lead ministers today released the Business Growth Agenda – Future Direction 2014 report which outlines the significant progress the National Government has made in creating the conditions for businesses to invest for jobs and growth.

It also outlines the Government’s future priorities in its work programme focusing on the six inputs businesses need to succeed and grow: exports markets, capital markets, innovation, skilled and safe workplaces, natural resources and infrastructure.

“The Business Growth Agenda is making a real difference to productivity and competitiveness which is critical to creating more business opportunities, more jobs and higher wages for New Zealanders,” Mr English says.

“More than half of the 350 BGA actions across the six areas are either complete or in the implementation phase. Our results so far are reflected in strong growth, increasing employment, an improved trade balance, stronger productivity growth, and real wages rising faster than the cost of living.

“This growth has been driven initially by the regions which have led New Zealand out of the global financial crisis on the back of our natural resources industries.”

Mr Joyce says the BGA Future Directions 2014 report outlines the Government’s next steps to encourage a diverse range of businesses to succeed and hire more people.

“Building on the progress we have made, our focus now is on a smaller number of 62 key priorities we see as essential to further fostering business confidence and growth,” Mr Joyce says.

“We will work to help more Kiwi firms internationalise and sell their products in overseas markets; encourage innovation particularly in the hi-tech sector, make it easier to raise capital; lift young people’s achievement; make workplaces safer; and continue to invest in quality public infrastructure.

“The New Zealand economy is expected to grow strongly over the next year and perform better than many other major advanced economies. What the Government is very focused on through the Business Growth Agenda is how we convert a couple of years of good growth into a sustained economic lift in our economic performance that benefits the country in the long-term.

“New Zealand faces stiff competition in global markets to sell our goods and services. If the Opposition was serious about jobs and growth in our regions they would support the initiatives in the BGA instead of promoting policies that would reduce our competitiveness and export Kiwi businesses and jobs overseas.

“New Zealanders can be assured that National is focused on building a more competitive and productive economy that boosts investment, and creates more jobs and higher wages.”

Business Growth Agenda: Future Directions 2014 is available at:
http://www.mbie.govt.nz/what-we-do/business-growth-agenda/business-growth-agenda-future-direction-2014

Business Growth Agenda – future direction

Building Export Markets
· Negotiating comprehensive, high quality free trade agreements and implementing existing ones

· Providing NZ Trade and Enterprise with more resources to assist more companies

· Boosting our representation in China

· Increasing our representation in other emerging markets

· Promoting the procurement of NZ capital goods and services with NZ’s Export Credit Office

· Conducting fit-for-purpose checks on market-facing regulatory regimes

· Completing the Trade Single Window for exporters and importers

· Embedding the NZ Story, strategy and structure

· Capitalising on the 2013 International Growth Package for tourism and education


Building Capital Markets
· Rebuilding our financial reserves

· Establishing the NZ Trade and Enterprise Regional Investment

Attraction programme

· Implementing the Financial Markets Conduct Act

· Implementing the Credit Contracts and Financial Service Law Reform Bill

· Supporting crowd-funding and peer-to-peer lending

· Attracting multinationals to make high-value investments in New Zealand research and development

· Delivering an Asia Region Funds Passport

· Delivering IRD’s Business Transformation Programme

· Providing more capital raising options for small and medium sized firms

· Encouraging new public growth markets

· Investigating differences in taxation treatment of different savings vehicles

Building Innovation
· Implementing changes to the tax treatment of research and development

· Implementing Callaghan Innovation’s full suite of programmes

· Developing a National Statement of Science Investment

· Increasing and reforming contestable funding

· Establishing new technology-focused incubators

· Implementing the National Science Challenges

· Boosting STEM skills

· Boosting primary sector productivity through the Primary Growth Partnership

· Increasing the numbers of Centres of Research Excellence

· Completing the deployment of ultra-fast and rural broadband

· Improving the competition regime to protect consumers and encourage innovation

Building Skilled and Safe Workplaces
· Investing in teacher quality to lift the achievement of young people

· Setting up new ICT Graduate Schools

· Implementing the new Tertiary Education Strategy

· Completing the welfare reform programme and getting more people into work

· Investing in more apprenticeships and vocational skills

· Encouraging eligible sole parents into higher education

· Implementing the new health and safety framework in New Zealand

· Reducing the casualty rate within the forestry sector and other high-risk occupations

· Toughening employment standards requirements and increasing the size of the Labour inspectorate

· Completing the Employment Relations Act changes to improve fairness in collective bargaining

Building Natural Resources
· Increasing value from, and improving the quality of, our freshwater

· Improving our environmental reporting

· Making further reforms to the Resource Management Act

· Accelerating petroleum and minerals exploration through a new data acquisition programme

· Combatting kauri dieback

· Improving the productivity of Māori land through reforming the Te Ture Whenua Māori Act 1993

· Increasing productivity and reducing carbon emissions through new energy efficiency projects

· Promoting product stewardship

· Supporting primary sector growth in key regions

· Freeing up land supply in urban areas to provide more houses

Building Infrastructure
· Removing bottlenecks on our road networks

· Accelerating Auckland’s transport

· Strengthening rail, sea and air infrastructure

· Securing our energy future

· Completing the deployment of ultra-fast and rural broadband

· Rebuilding Christchurch

· Investing in schools and hospitals

· Improving water storage and use

· Increasing competition and efficiency in the housing construction sector

· Reforming the social housing sector to better meet the needs of social housing tenants

· Getting a better understanding of future infrastructure challenges and opportunities

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gaza.Scoop: UNRWA School, Ambulances Attacked - Gaza MOH

The Ministry of Health Gaza expresses its horror and outrage at the latest Israeli massacre moments ago at an UNRWA school sheltering displaced persons in Beit Hanoun. Ten people have been killed and there is a large number of wounded. More>>

ALSO:

Gordon Campbell:
On Gaza And Burning The Israeli Flag

One of the selling points in New Zealand’s campaign for a temporary seat on the Security Council is that we have a pluckily independent voice to offer on international conflicts.

This image is not entirely self-delusional. When we did occupy a temporary UN Security Council seat in the 1990s, New Zealand was forthright about the need for the international community to actively respond to the Rwanda genocide. On April 14, 1994, New Zealand, Nigeria and the Czech Republic were the only nations to call for a forceful UN intervention to halt the killings. It was a proud moment in the diplomatic record of the Bolger government.

What then, is the current National government doing with respect to the slaughter in Gaza? More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news