New Zealand will relax rules to woo foreign investment, PM says

Reuters - 23/01
New Zealand will relax rules to lure foreign investment, Prime Minister Christopher Luxon said on Thursday, as his centre-right government tries to spur economic growth and boost jobs.
Jan 23 (Reuters) - New Zealand will relax rules to lure foreign investment, Prime Minister Christopher Luxon said on Thursday, as his centre-right government tries to spur economic growth and boost jobs.
New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected, leaving the door open for further rate cuts by the central bank.
In his annual state of the nation address, Luxon said he would set up Invest New Zealand, part of the government's international economic development agency, as a one-stop-shop for overseas investment.
"Modelled off the success of Irelan...
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