Further land sale restrictions possible under TPP, Labour 'very interested'

Fri, 09 Oct 2015

By Pattrick Smellie Oct. 9 (BusinessDesk) - New Zealand will still be able to make its foreign investment rules "more restrictive" under the Trans-Pacific Partnership, according to a Ministry of Foreign Affairs and Trade guidance note, opening up a way for the Labour Party to support the controversial trade and investment pact that it feared would breach the one of its five "bottom lines" relating to foreign investment. "If the Overseas Investment Act is mentioned in very broad terms and it allows for additions (to existing restrictions),...

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