✨ Economic Policy Statement
Other measures to assist the farming industry will also be required and
suitable action will be taken. In approaching future measures, particular
attention will be paid to ensuring that there are added incentives to
reward farmers for increased production.
The Government regards as important the development and conservation of fisheries resources as a future source of export earnings and
is actively supporting proposals for an extended fishing zone at the
International Law of the Sea Conference. The Government will, in consultation with the industry, formulate a programme of development
to provide for the effective utilisation of this resource. The Government
is active in its promotion of marine farming and an amendment to the
Marine Farming Act 1971 will be introduced to assist in this development.
Grapewine producers have recently established a Wine Institute and
legislation will be introduced to allow the institute to collect levies from members of the industry.
To assist the nation's economy export industries based on forest resources
will be encouraged and the Government will maintain a continuing
programme of exotic forest establishment. Legislation will be prepared
to ensure the balanced use of indigenous State forests.
The Government's overseas trade policy will aim primarily to establish favourable conditions for a renewed growth in export earnings.
The development of export markets, both new and traditional, will
be pursued vigorously with Government assistance being provided where it is essential to assist growth. Current promotional programmes
will also be reviewed to ensure the most effective use of resources.
In the field of bilateral negotiations, every effort will be made, not only
to secure satisfactory terms of access to traditional markets for dairy products, meat, and manufactured and processed goods, but also to build on the developing trade relations with the countries of the Middle East, with China, with Asian and Pacific countries, and with the Socialist countries of Europe. Every effort will be made to inject new vitality and direction into the trading relationship with Australia.
New Zealand's participation in the GATT multilateral trade negotiations and in the work of international organisations relating to trade and economic development will be maintained. Consistent with its own trade interest and with the resources available, New Zealand will play its part in international efforts to expand the trade of developing countries.
Towards its island neighbours in the South Pacific the Government accepts that it has special responsibilities. It recognises the significance of their future, as well as New Zealand's future, in the region and will take new steps to promote their development. As part of this objective a Bill will be introduced to provide the Tokelau Islands with a 3-mile territorial sea and a 9-mile fishing zone.
This will be a year of consolidation for the development aid programme.
Further expansion should be possible as New Zealand's own economic position improves.
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VUW Te Waharoa —
NZ Gazette 1976, No 72
NZLII —
NZ Gazette 1976, No 72
✨ LLM interpretation of page content
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Government Statement on Economic Policy
(continued from previous page)
🏛️ Governance & Central AdministrationEconomic Policy, Inflation, Balance of Payments, Government Spending, National Development, Farming Industry, Meat Export Prices Stabilisation, Noxious Plants Bill