The Trade Minister says he wants deals through the door this year - with a Government goal of tempting overseas funding.

A new agency called Invest New Zealand will roll out the red carpet out to foreigners with money to put into infrastructure and key sectors.

Todd McClay says he doesn't want reports, he wants deals with investors.

"They certainly don't invest in a country when Government agencies tell them not to - and I think that's very much been the case in New Zealand, it's harder to invest here than it should be."

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