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New Zealand: PM Ardern touts New Zealand as ‘safe haven’ for investment

WELLINGTON: New Zealand‘s success in curbing the coronavirus has given it a “protected haven” benefit, permitting the nation to be open for funding, Prime Minister Jacinda Ardern stated on Wednesday.
With simply two new infections this week, New Zealand has held down neighborhood unfold of the virus after a strict lockdown introduced social and financial exercise to a standstill for greater than a month.
Economic exercise is slowly resuming, although many social curbs stay, and Ardern will determine subsequent week on additional easing.
“We are ready to welcome quality investments and offer a safe place for operations in both the health and business sense,” Ardern informed a information convention.
“By tackling the virus we have positioned our economy to be able to rebuild ahead of many others globally…that is our safe haven strategic advantage.”
The feedback got here after Microsoft Corp introduced plans to arrange its first information centre area in New Zealand.
Ardern welcomed the transfer, saying New Zealand was open to comparable strategic investments, along with her authorities making extra efforts to unfold the phrase.
“New Zealand’s brand has always been that we are a sound, high-quality and reliable place to invest,” she added. “I would like to think our response to this health crisis only further underpins that approach.”
Ardern has obtained reward globally for her management amid the pandemic, with information experiences and social media spotlighting individuals’s want to maneuver to New Zealand whereas the remainder of the world battles the virus.
But she faces the powerful activity of rebooting the $200-billion economic system depending on commerce and tourism, with development anticipated to gradual considerably, costing a whole lot of 1000’s of jobs.
New Zealand has all the time drawn ultra-rich buyers eager to benefit from the Pacific island nation’s unspoilt setting and scenic panorama.
James Cameron, the Canadian director of “Avatar” and “Titanic”, has purchased farmland close to the capital, Wellington, whereas American tech billionaire Peter Thiel has snapped up a number of hundred acres of the South Island with views of snow-capped mountains.
But in 2018, Ardern’s authorities banned many foreigners from shopping for property, blaming abroad speculators for driving up housing costs.

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