New Zealand's economic report aims for sustained growth

Source: Xinhua| 2017-07-27 20:40:53|Editor: Zhou Xin
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WELLINGTON, July 27 (Xinhua) -- New Zealand on Thursday released the Business Growth Agenda (BGA) 2017 Refresh Report with a focus on continuing to deliver strong economic growth.

The report reflects the government's ongoing commitment to responsible financial and economic management, together with a sustained programme of micro-economic reform and large infrastructure investments, Finance Minister Steven Joyce said in a statement.

Key actions in report include delivering Trade Agenda 2030 to make New Zealand more internationally connected through trade and investment and people flows, and take advantage of growth across the Asia-Pacific region to create greater prosperity.

The report also stresses attracting higher levels of international investment that brings job growth, improves skills, and increases innovation; maintaining and extending the growth of New Zealand's hi-tech sector, and maintain the growth in business research and development to at least 1 percent of GDP.

The BGA was first set up in 2012 and is the government's organizing framework for economic growth and micro-economic reform.