Overseas investment vital to development
Thursday, 18 October 2001, 12:04 am
Press Release: New Zealand National Party
Tony Ryall National Economic Development Spokesperson
18
October 2001
Overseas investment vital to
development
"New Zealand needs to build a national
consensus in favour of attracting overseas investment into
the country," National's Economic Development Spokesman Tony
Ryall said today.
"Overseas investors want to feel their
contribution will be welcomed and respected. The unmasked
hostility of many of those in the governing parties towards
overseas investment works against New Zealand's best
interests," Mr Ryall said.
Mr Ryall was commenting in
light of Overseas Investment Commission data showing
overseas investment applications are at their lowest level
for two and a half years.
"Any workable strategy for
economic development needs to recognise the importance of
overseas investment, particularly for regional New Zealand.
This country does not have the capital to fund its many
development opportunities, and that's why we have to
encourage overseas investors to assist us," Mr Ryall
said.
Ends
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