New Zealand

New Cabinet meets


Published

The new Cabinet was sworn in earlier this week and met on Tuesday following the 26th November 2011 general election.

High on the agenda was the sale of 49% of four state owned power stations across the country along with a larger share of Air New Zealand going to private investors.

The policy, which has been heavily debated and which may still fail to gain parliamentary approval, does not meet with the approval of 62% of the population according to a recent opinion poll. Just 35% agree with the privatisation moves.

Meanwhile, the Ministry of Foreign Affairs and trade has announced 350 job cuts in New Zealand and across its foreign missions. Several Embassies may close altogether and the government has told the public that they can expect a change in the way their public services are provided in the future.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com