date:May 15, 2012
The recommendation to triple foreign investment had been made in a recent report compiled by the Ministry of Economic Development (MED) as a solution to the countrys quest to triple its export market in the next 15 years.
The MED said that achieve such growth, industrywould need to turn ingredients into processed foods; a costly move.
However, Katherine Rich, chief executive of the NZFGC, told FoodNavigator-Asia that tripling foreign investment in the food and beverage sector is an ambitious