✨ Government Economic and Trade Policy Announcements
this sector and its likely demands on other resources. Legislation will
be introduced this Session to revise the Forest and Rural Fires Act 1955
and to amend the Noxious Animals Act 1956.
There has been, in recent months, a substantial increase in the activity
of foreign fishing fleets in the waters around New Zealand. In a
measure of far-reaching importance the Government will propose the
establishment of a 200-mile economic zone.
The proposed action does not mean that the Government has changed
its aim of reaching a multilateral agreement on all aspects of the Law
of the Sea in a new, widely supported Treaty. The measures to be
introduced will be fully in accordance with the work done in the Law
of the Sea Conference. In accordance with the decision of the South
Pacific Forum the Government will consult with the other members of
the Forum concerning the date on which the measure is to be implemented.
The establishment of the economic zone will provide an opportunity
to increase the scale and value of our fishing industry. A review of the
assistance necessary to achieve this is currently underway. You will
also be asked to consider further the Fisheries Amendment Bill which
is at present before a Select Committee. To check the reckless exploitation
of natural resources a Bill will be introduced to protect marine
mammals.
The Government's policy on overseas trade recognises the urgent need
to increase the efficient production and export of a wider range and a
greater value of goods especially those with a high degree of local
content. Vigorous encouragement will be given to exporters both by
the refinement of existing measures and the introduction of new
measures.
Continued efforts will be made to improve and secure access arrangements
for New Zealand's primary products into its traditional markets
in Western Europe, North America, and Japan. At the same time,
emphasis will be placed on the further strengthening of trade and
economic relations with countries in the Middle East, Asia, South
America, the Pacific and Socialist countries.
Recognising the need for speeding up economic development in the
South Pacific Island nations with which New Zealand has traditionally
had close ties, the Government will continue to encourage New
Zealand companies to establish appropriate manufacturing ventures
in these countries. Legal recognition will be given to the Pacific Forum
Shipping Line, the aims of which are to co-ordinate shipping in the
region.
Despite progress in correcting the balance of payments situation,
restraints on imports by means of import control will need to be continued.
Import policies aimed at holding employment and production
at reasonable levels and promoting exports will be maintained.
The Government intends to review and update commercial legislation.
As a start a Bill will be introduced to control the practice of financial
advertising. In addition a uniform code is proposed dealing with the
insolvency of persons or organisations of different types thereby providing
the legal machinery to deal with a group financial collapse
irrespective of the different legal entities involved.
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VUW Te Waharoa —
NZ Gazette 1977, No 57
NZLII —
NZ Gazette 1977, No 57
✨ LLM interpretation of page content
🏛️
Government Statement on Economic Challenges and Policy Measures
(continued from previous page)
🏛️ Governance & Central AdministrationEconomic Policy, National Income, Public Finance, Inflation Accounting, Primary Industries, Agricultural Production, Livestock Incentive Scheme, Rural Bank, Noxious Plant Bill, Potato Growing Industry Bill, Wool Industry Bill, Forest Resources
🌾 Revisions to Forest and Rural Fires Act 1955 and Noxious Animals Act 1956
🌾 Primary Industries & ResourcesForest and Rural Fires Act, Noxious Animals Act, Legislation
🌏 Establishment of a 200-mile Economic Zone
🌏 External Affairs & TerritoriesEconomic Zone, Law of the Sea, South Pacific Forum, Fishing Industry
🌾 Fisheries Amendment Bill and Marine Mammal Protection
🌾 Primary Industries & ResourcesFisheries Amendment Bill, Marine Mammals, Natural Resources
🏭 Trade Policy and Export Encouragement
🏭 Trade, Customs & IndustryTrade Policy, Exports, Local Content, Western Europe, North America, Japan, Middle East, Asia, South America, Pacific, Socialist Countries
🌏 Economic Development in South Pacific Island Nations
🌏 External Affairs & TerritoriesSouth Pacific, Economic Development, Pacific Forum Shipping Line
🏭 Import Control and Commercial Legislation Review
🏭 Trade, Customs & IndustryImport Control, Employment, Production, Exports, Commercial Legislation, Financial Advertising, Insolvency