INDEPENDENT NEWS

China Forestry Purchase Wrong

Published: Wed 1 May 2013 10:23 AM
Richard Prosser MP
Spokesperson for Primary Industries
1 May 2013
China Forestry Purchase Wrong
New Zealand First says the Overseas Investment Office (OIO) approval of the sale of the New Zealand Super Fund's forestry assets to the Chinese Government is an appalling example of everything that is wrong with National's approach to growing the economy.
Primary Industries spokesman Richard Prosser says the sale would not create one single job in New Zealand, and would perpetuate the unsustainable practice of this country being an exporter of unprocessed bulk commodities.
"The purchase of New Zealand forests by the Chinese Government is not foreign investment; it's a transfer of wealth.
"They won't build any new sawmills, they won't build any new particle board mills, they will simply continue to export bulk logs for processing in China.
“The export of raw logs has increased under this Government by 10 per cent since 2009.
“These are logs that should be processed in New Zealand, by New Zealand workers so that the wealth generated is kept in this country.
"The primary sector is the engine room of the economy, and right now we are giving most of its value away to foreigners. This unsustainable waste of wealth and resources will send us broke and must not be allowed to continue," says Mr Prosser.
ENDS

Next in New Zealand politics

Jacinda Ardern’s remarks following summit
By: New Zealand Government
NZTA Board refreshed and refocused
By: New Zealand Government
Climate Change Adaptation and Risk Assessment Framework
By: New Zealand Government
Mana whenua reach decision on Ihumātao land
By: RNZ
PM to visit Japan and attend the UN General Assembly
By: New Zealand Government
PM's Post-Cab 16/9/19: A Way Forward
By: The Scoop Team
Gordon Campbell on allegations of left wing media bias
By: Gordon Campbell
Tighter gun laws for the safety of all
By: New Zealand Government
New Zealand-Japan relationship strengthened
By: New Zealand Government
eGates open to Japanese travellers
By: New Zealand Government
Twyford is the issue, not the board
By: New Zealand National Party
Too little too late for funding switch from rail to road
By: New Zealand National Party
First national voluntary emissions offset guidelines
By: New Zealand Government
NCCRA a start but local focus needed
By: LGNZ
Forest & Bird calls for urgent action on ocean acidity
By: Forest And Bird
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media