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


Government backs investment in wood

Hon Shane Jones Minister of Forestry

The Government is backing the forest and wood-processing industry to play a major role in New Zealand’s economic recovery, with the launch of the Invest in New Zealand Wood Processing prospectus to encourage wider local and offshore investment.

“The Government is confident that the future of the forestry and wood-processing sector will be bright. Our products are held in high regard internationally, and we want investors interested in being part of a sustainable high-value sector that helps support our goal to transition to a low-carbon economy,” Forestry Minister Shane Jones said.

“New Zealand has an abundance of natural resources, access to growing markets around the world, and we are consistently ranked as one of the easiest countries in the world in which to do business.”

The industry has faced some short-term challenges but the medium to long-term outlook is extremely positive as the sector embraces new technologies and looks to develop more high-value products.

“Products will be sold not only within New Zealand but to a much wider range of markets than our logs currently go to, reducing exchange rate risk and building market resilience,” Shane Jones said.

“At present more than 75 per cent of wood from our production forests is exported in different forms including logs, wood chips, sawn timber, engineered wood products and pulp and paper.”

The Log Traders Registration Bill which is currently before select committee would introduce a compulsory registration system for forestry advisers and log traders, help to lift professional standards, provide greater certainty for investors across the supply chain and ensure a more efficient market.

The release of the prospectus coincides with a new investment memorandum from Trust Tairāwhiti, focused on wood-processing opportunities in the region. Due to its significant wood supply and ongoing expansion plans for regional wood-processing, the Tairāwhiti region has been identified as one of the most attractive for investment.

The Government has already invested $19.5 million in the Tairāwhiti region’s Wood Processing Centre of Excellence through Trust Tairāwhiti.

More information can be found at:

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Mayor of Auckland: Alert Level Change Welcome News

Mayor Phil Goff says the government’s decision to move Auckland to Level 2 from 6am on Sunday will be welcome news for all Aucklanders.
“Moving strongly and quickly to contain this outbreak has once again proved effective in stopping the spread of community transmission and I thank all the Aucklanders who have followed the rules of Level 3 over the past week,” he says... More>>


Earthquakes: Tsunami Activity – Cancelled

The National Advisory issued at 2:48pm following this morning's earthquakes near the KERMADEC ISLANDS REGION is cancelled.
The advice from GNS Science, based on ocean observations, is that the Beach and Marine threat has now passed for all areas... More>>

Joint Press Release: Dirty PR Exposed In Whale Oil Defamation Trial

Three public health advocates are relieved that their long-standing Whale Oil defamation trial against Cameron Slater, Carrick Graham, Katherine Rich and the Food and Grocery Council has finally concluded and they are pleased that the truth has come out... More>>


Government: Next Stage Of COVID-19 Support For Business And Workers

The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend... More>>


Government: Balanced Economic Approach Reflected In Crown Accounts

New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected.
The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU)... More>>

Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>




InfoPages News Channels