Business Supports Govt Investor Migrant Policy

Business Supports Government’s Investor Migrant Policy

Government changes to migration policy have been welcomed by the Wellington Regional Chamber of Commerce.

“Insufficient investment and skill shortages are two of the main things currently holding New Zealand back. The policy changes will go some way to addressing both of these, said Chamber CEO Charles Finny.

“The Investor Migrant Policy is particularly welcome. New Zealand’s productivity growth hinges on increased investment and these changes will go some way to addressing the investment deficit we face.

“Domestic demand in New Zealand is high, as evidenced by today’s Monetary Policy Statement. The Investor Migrant Policy will go someway to addressing the supply side of the economy by boosting investment and output.

“The previous requirement for business investors to place their money on deposit with the government needed to change. We need active investment.

“The loosening of the skilled migrant category is also pleasing. The Chamber’s business surveys consistently show skill shortages as number one constraint facing businesses.

“Migrants make a significant contribution to New Zealand’s economic performance through the international linkages they provide. If New Zealand is to attract its share of immigrants, we need an immigration policy which does not throw up unnecessary hurdles,” Mr Finny concluded.

ENDS

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