Home > NZ opposition announces manufacturing policies

NZ opposition announces manufacturing policies

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The New Zealand Labour opposition has announced a set of measures that it believes will strengthen local manufacturing.

This morning opposition leader David Cunliffe said he supported an "unashamedly pro-Kiwi" procurement policy, as well as R&D tax credits - eliminated in 2008 and to be reintroduced at 12.5 per cent - and accelerated depreciation for advanced manufacturers.

The NZ Herald reports Cunliffe as also saying a government he led would ensure $200 million of work was performed by local firms.

"This measure alone will create around 2,000 jobs," he reported told an audience in Auckland.

"Australia, Canada and the United States have all enacted similar policies - it just makes sense.''

Fairfax reports that he cited the decline in employment in the country’s manufacturing sector by 42,000 jobs since 2008.

Radio NZ and others report that previously announced tax deferrals would be extended from the wood processing sector to all advanced manufacturing, “as it could be afforded”.

First Union, which represents textile, wood and food workers, said in a statement that the measures were “pleasing” and would stem the “slaughter of manufacturing jobs in New Zealand.”

Image: http://www.futureintech.org.nz/

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