NZ opposition announces manufacturing policies

The New Zealand Labour opposition has
announced a set of measures that it believes will strengthen local
manufacturing.

This morning opposition leader David
Cunliffe said he supported an “unashamedly pro-Kiwi” procurement policy, as
well as R&D tax credits – eliminated in 2008 and to be reintroduced at 12.5 per cent – and accelerated depreciation for advanced
manufacturers.

The NZ Herald reports Cunliffe as
also saying a government he led would ensure $200 million of work was performed
by local firms.

“This measure alone will create around
2,000 jobs,” he reported told an audience in Auckland.

“Australia, Canada and the United States have
all enacted similar policies – it just makes sense.”

Fairfax reports that he cited the decline in employment in the country’s manufacturing
sector by 42,000 jobs since 2008.

Radio NZ
and others report that previously announced tax deferrals would be extended
from the wood processing sector to all advanced manufacturing, “as it could be
afforded”.

First Union,
which represents textile, wood and food workers, said in a statement that the
measures were “pleasing” and would
stem the “slaughter
of manufacturing jobs in New Zealand.”

Image: http://www.futureintech.org.nz/