Parliament

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

 

Innovation and investment drives food industry growth

Hon Simon Bridges
Minister for Economic Development

Hon Nathan Guy
Minister for Primary Industries

30 June 2017
Innovation and investment drives food industry growth

Economic Development Minister Simon Bridges and Primary Industries Minister Nathan Guy have today launched the latest investor guides to New Zealand’s Food and Beverage Industry, showing a strong and diversified sector.

The guides contain analysis of trends and opportunities within the industry which can be used to attract investment, assist with business strategy and guide government policy.

“The food and beverage sector is the cornerstone of the New Zealand economy. It employs directly or indirectly nearly one in five New Zealand workers and generates $29 billion in exports, representing over half of our merchandise export earnings,” Mr Bridges says.

“The Government is committed to growing and diversifying New Zealand’s economy and these guides show potential investors that innovation is alive and well in our food and beverage sector.

“We also have a wide range of emerging growth categories within the sector, including infant formula and dairy nutritionals, a growing range of products in the snacking category, yoghurt, UHT milk, avocados and processed chicken.

“These emerging categories are helping drive long term export growth across the sector and in turn are helping further strengthen New Zealand’s economy, and provide new jobs, including in the regions,” Mr Bridges says.

The research within the guides has been compiled from a wide range of sources. Around 265 firms are profiled, of which 96 are in the increasingly innovative processed foods sector.

“These reports show New Zealand producers are successfully adding value and creating premium products,” says Mr Guy.

“It shows there has been billions of dollars in investment in recent years towards developing or extending value added categories, at new packaging and branding and new product development. This will help towards our goal of doubling the value of primary sector exports by 2025.

“We’re making good use of our competitive advantages, such as our relative proximity to Asian markets, good climate and fertile soils. At the same time, there are plenty of opportunities for more innovation to drive growth.

“The Government is supporting this through research and development. The Primary Growth Partnership in particular has $759 million co-invested by industry and Government towards 22 cutting edge projects in the primary sector.

“Budget 2017 also made more money available for Callaghan Innovation’s Research and Development Growth Grants which support innovative Kiwi companies in bringing their products and ideas to the market sooner.”

The new guides are available at www.mbie.govt.nz/info-services/sectors-industries/food-beverage/information-project.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election