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


Bill Drawn To Reduce Barriers To Foreign Investment

“A Bill in my name drawn from the Ballot today will reduce barriers to investment from other like-minded countries improving the quality of life enjoyed by all New Zealanders,” says ACT MP Damien Smith.

“The Overseas Investment (Except Investment from OECD Countries) Amendment Bill is a significant step forward in New Zealand’s public policy.

“New Zealand has highly restrictive laws which put up needless barriers to Foreign Direct Investment (FDI) with the overall impact of reducing investment and making us poorer.

“The status quo is not working and is contributing to a significant investment deficit seen in housing, transport and private sector productivity.

“Foreign investment is overwhelmingly good for the economy and will help build New Zealand’s reputation as a business friendly country around the world.

“The Bill will make it easier for investors from OECD countries to come to New Zealand and invest while fostering stronger trading links.

“However, this exemption does not apply when there is a national security interest at stake, and it does not apply to residential land.

“Reducing barriers to investment will be beneficial to all New Zealanders and I believe is an area in which we should seek to build the biggest possible consensus around”.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Dubious Wisdom Of Raising Interest Rates

During the last half of the 1990s, the first flickering signs of economic growth would cause then-Reserve Bank governor Don Brash to hike up interest rates and stamp them out. The fear back then was that if left unchecked, the embers of economic activity might cause the same inflationary fires to come roaring back to life that the West had experienced in the late 1970s. At the time, Brash would justify raising interest rates on the grounds that as RB governor, he always needed to be looking 18 months ahead, and judging where things might go by then, if he didn’t act now... More>>


Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>

Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>

Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>

CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>

National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>




InfoPages News Channels