For thirty years New Zealand has run a current account deficit, averaging around 5% of GDP.   To cover this cash outflow, New Zealanders have sold assets to, or borrowed from, foreigners.  As a result New Zealand’s net foreign liabilities are around 75% of GDP, a very high ratio by international standards. Despite recent years having enjoyed higher prices for our exports and …

Tertiary Education, Skills and Employment Minister Steven Joyce has welcomed the establishment of the New Zealand India Research Institute, heralding the start of a closer research relationship between New Zealand and India.  The New Zealand India Research Institute will be administratively based at Victoria University in Wellington and will involve nearly 40 academics in five New Zealand universities – Victoria, …

China Business Summit 2012 China offers huge opportunities for New Zealand businesses, but too few are taking the plunge and entering the market, says Auckland Chamber of Commerce chief executive Michael Barnett. The Auckland Chamber of Commerce, in partnership with NZ INC Ltd, held the inaugural China Business Summit in Auckland on October 3 –  aimed to galvanise businesses into …