Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More
Parliament

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

 

Guy shows contempt for foreign ownership concerns

Damien
O’CONNOR

Primary Industries Spokesperson


9 September 2015 MEDIA STATEMENT

Guy shows contempt for foreign ownership concerns

Nathan Guy’s refusal to ensure oversight of Chinese investment into New Zealand’s Silver Ferns Farms shows National doesn’t care about foreign ownership of key strategic assets, Labour’s Primary Industries spokesperson Damien O’Connor says.

“Silver Fern Farms is a major part of the meat producing industry in this country and the proposed deal with Bright Foods must be carefully scrutinised to ensure it is adding value to our economy. The Minister has refused to say this will happen.

“In 2008 John Key promised $200 million to support the red meat industry’s plans to create a commercial entity that would benefit all farmers and New Zealand. He wanted an organisation that would change the balance between ‘how much profit margin went off shore’. Seven years on his Government has not made good on that promise.

“Instead they are letting foreign investors decide what is in New Zealand’s farmers’ best interests.

“Without more oversight from the Government not only will we lose control of our farms but of the whole agricultural sector as well. It is possible that Bright Foods will try to invest just enough money so this deal doesn’t meet the threshold that will make it automatically go to the Overseas Investment Office. We shouldn’t tolerate such horse trading with our key assets,” Damien O’Connor says.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.