During his state of the nation speech Prime Minister Christopher Luxon announced a new foreign investment agency with the aim of driving more overseas revenue to our shores and boost local economy and productivity.

It's a model based on Ireland and Singapore and will see Invest New Zealand become part of New Zealand Trade and Enterprise, which itself is set to become an autonomous crown entity.

Executive Director of the New Zealand Initiative Oliver Hartwich has been advocating for a model like this for more than a decade and says he took Luxon on a trip to Ireland to show how a model like theirs could work locally.

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