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Calls to encourage foreign investment in NZ businesses

Author
Newstalk ZB,
Publish Date
Tue, 7 May 2024, 9:26AM
(Photo / Getty Images)
(Photo / Getty Images)

Calls to encourage foreign investment in NZ businesses

Author
Newstalk ZB,
Publish Date
Tue, 7 May 2024, 9:26AM

There are calls to boost foreign investment in local businesses to get our economy going again.Ā 

The OECD's biennial report has found a lack of competition and restrictive foreign investment rules are barriers to improving productivity.Ā 

Employers and Manufacturers' Association chief executive Brett O'Riley says getting more foreign investment in is one of many simple fixes we can make.Ā 

He told Mike Hosking that when we had the right settings under the Key government it put a lot of new money into our most successful companies.Ā 

O'Reilly says we need to get foreign investment in so we can get that money in at a time when it's very hard to raise it.Ā 

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