Investment the key—M.P.
A National government would not sit back and watch the productive sector suffer under openmarket policies, the Opposition member of Parliament for Rangiora, Mr Jim Gerard, said. He said National would remove trade barriers where this would benefit the economy, but it would ensure New Zealand producers remained competitive internationally. “In Japan, they pay five
times the world price for rice. In Australia, they have some incentives and subsidies,” he said.
At a time when export prices were at a 15-year high, New Zealand suffered from low production volumes because of a lack of investment. Investment in manufacturing this year would only be 13 per cent of that in 1985 in inflationadjusted terms, he
In real terms, investment in agriculture last year was 84 per cent below the 1984 level. National would encourage savings and investment as the foundation for economic growth and employment, Mr Gerard said.
It would provide financial encouragement to lift the level of research and development in the public and private sectors.
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Press, 26 June 1989, Page 2
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169Investment the key—M.P. Press, 26 June 1989, Page 2
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