Te Hiku Iwi says adding forestry rights to overseas investment regime stifles global partnerships

Wed, 04 Apr 2018

By Rebecca Howard April 4 (BusinessDesk) - Te Hiku Iwi opposes bringing forestry rights into the Overseas Investment screening regime, arguing they will have a material impact on the value of their land and compromise their ability to attract overseas partners. Te Hiku Iwi includes Te Manawa o Ngāti Kuri Trust, Te Runanga Nui o Te Aupouri Trust, Te Runanga o Ngāi Takoto Trust, and the Te Waka Pupuri Trust and one of its major assets is 22,000 hectares of forest land in Northland. Their forestry rights are currently owned by Summit Forests...

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