Going for growth with more overseas investment
Associate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages.
The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has been introduced to the House.
“New Zealand has been turning away opportunities for growth for too long. Having one of the most restrictive foreign investment regimes in the OECD means we’ve paid the price in lost opportunities, lower productivity, and stagnant wages. This Bill is about reversing that,” says Mr Seymour.
“In 2023, New Zealand’s stock of foreign direct investment sat at just 39% of GDP, far below the OECD average of 52%. Investors are looking elsewhere, so we’re showing them why New Zealand is the best place to bring their ideas and capital.
“International investment is critical to ensuring economic growth. It provides access to capital and technology that grows New Zealand businesses, enhances productivity, and supports high paying jobs.
https://www.beehive.govt.nz/release/going-growth-more-overseas-investment#:~:text=The%20Overseas%20Investment%20,been%20introduced%20to%20the%20House
|