New Zealand Executive Government News Release Archive

Blaming the economy for Cedencos move offshore is blatantly political and
almost inevitable Acting Prime Minister Don McKinnon said today.

Trying to pin Cedencos decision on the economy is totally predictable eight
weeks before an election.

Anyone with any intelligence knows New Zealands economic foundation is as
strong as it as ever been, Mr McKinnon said.

Its an unavoidable fact of commercial life that companies move, contract and
fall over even in the most boyant economy.

No one in their right minds wants to prevent New Zealand being an open
internationally competive economy, he continued.

Mr McKinnon noted Auckland Manufacturers Federation Chairman, Bruce
Goldsworthys comments that New Zealand manufacturers want a fair and open
economy.

He reiterated Employment Minister Wyatt Creechs comments that the outlook for
the Gisborne region is positive.

Inquiries: Suse Reynolds Press Secretary ph (04) 471 9811

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