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PM says consistency on overseas investment critical

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PM says consistency on overseas investment critical

By: Natasha Burling | Business News | Monday April 23 2012 11:16

 

John Key says we have to be consistent when it comes to deciding who and who can't invest in New Zealand.

The Government has given the go-ahead to the sale of the Crafar farms to Chinese-owned Milk New Zealand Holding Limited.

The Prime Minister says Foreign Affairs Minister Murray McCully's advice on the deal wasn't about whether the answer should be yes or no.

"If it's no for the Australians, the Americans, the Germans and also the Chinese well I can't see it having any impact on our relationship. There are rules. We follow the rules that's called the law."

John Key says you can't say no to the Chinese and yes to the Americans based on exactly the same deal.

He says that's when you would damage the relationship with China.

Photo: NZ Herald

 

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