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Mixed Messages On Overseas Investment
Key And English Send Out Mixed Messages On Overseas Investment
Landcorp’s bid for the 16 Crafar family farms that are in receivership is a short term solution to a long term problem, Green Party Co-leader Dr Russel Norman said today.
Hong Kong-based Natural Dairy Holdings already has put a bid in for the Crafar Farms. Natural Dairy’s offer depends on the Overseas Investment Office giving approval for the sale.
“The Green Party is pleased that Landcorp has entered the bidding war to keep the Crafar Farms in New Zealand ownership,” said Dr Norman.
“Landcorp’s bidding for the Crafar Farms will not however, fix the fact that our overseas investment regulations are an open invitation for the rest of the world to buy up NZ.
“A long term solution is to restrict ownership of New Zealand land to New Zealand companies or individuals - foreign investors can lease land as they need it,” said Dr Norman.
“As John Key said this morning, this is what China does.”
“John Key needs to explain to the public how his Government intends to protect our economic sovereignty while Finance Minister Bill English is busy reviewing our overseas investment rules with the aim of making them more business friendly for overseas investors.”
ENDS
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