We know New Zealand needs to be more productive we need more overseas investment, in housing supply jobs and business, we also need economic diversification away from our over-reliance on the primary sectors such as beef and dairy. To do this we need to set up special economic zones to encourage overseas investment kick to start growth in our regions and help solve Auckland’s Housing crisis I think the Government and our parties on the left and right need to be a bit more proactive in the area of economic planning.
I am a fan of setting up a limited special economic zones in parts of New Zealand to support growth in the regions provide much-needed jobs and opportunity to locals and businesses, with a final TPP agreement ready to be signed and with the FTA with China, New Zealand is in a special portions to take advantage of both markets in the east and west, should and need to capitalise on both these markets and set up the New Zealand special economic zones.
At the same time, there needs to have some overwatch so international companies don’t miss you use this policy and the special economic zones. This is where parties from all sides of the House need to find a way to work together for a long-term unified economic policy or we will never get past the same old routine of spend cut and promise every three years.
Special economic zones may be needed across NZ
Credit to: Act Party NZ DAVID SEYMOUR
A New Zealand Initiative report on special economic zones (SEZ) has been welcomed by ACT Leader David Seymour.
“Letting local authorities opt in or out of certain policy settings could provide a low-risk alternative to the one-size-fits-all regulatory approach. Read more
Laisvoji Economic Zone
The Laisvoji Economic Zone is a Lithuanian free economic zone and an example for New Zealand to Look at:
Credit to: NZ Initiative
Top Key Points of the NZ Initiative Report;
- Special Economic Zones (SEZs) could provide New Zealand’s cities and regions with the policy tools to pursue growth and a greater financial stake in the benefits of growth. The approach can allow Auckland to solve its housing crisis, allow regions to find the solutions that work for them, and end much of the current adversarial relationship between central and local government.
- Localized policies are suited to local conditions, cost less, and are easier to revert. They can act as case studies for other areas, demonstrating what works.
- China’s Shenzhen SEZ has proven to be a spectacular success and showcases the possibilities of a SEZ. Shenzhen itself was partially inspired by Hong Kong’s example. Innovations developed in Shenzhen spread outward, benefitting broader regions.
- SEZs are not economic concession zones, where governments seek to direct investment to particular areas through tax or regulatory concessions. Reforms applied in any SEZ should be available to any other district or regional council requesting them. SEZs can work well in recognizing regional differences and testing reforms; concession areas are less well supported.