INDEPENDENT NEWS

Lets be more selective about foreign investment forestry

Published: Mon 17 Sep 2018 09:08 AM
Lets be more selective about foreign investment into the NZ forest sector
PRESS RELEASE
As the Government considers various foreign investor applications in the forest and wood processing sectors what should it be looking for? More than anything it should be looking for the opportunity to bring improved management into the industry and joint ventures with local parties.
It is no secret that the forestry industry has not performed as well as it could have and that New Zealand has not benefited as well as it should have. Compared to other economic activity over the past decade the forestry sector has declined. It has declined from 0.7 percent of GDP in 1995 to 0.6 percent of GDP in 2017. This decline has been in the face of all the right fundamentals.
The Wood Council has estimated that the returns from processing a cubic metre of wood on-shore are in the regions of six times the returns from exporting it in raw log form. This opportunity has not been taken advantage of and won’t until we are more selective about the sort of foreign investment we let in.
ENDS

Next in Business, Science, and Tech

COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Whale-watching By Satellite – Follow Their Travels Online
By: University of Auckland
Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million
By: Commerce Commission
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
By: ASB
Successful Bridge Repair Opens Two Additional Lanes To Traffic
By: New Zealand Transport Agency
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media