19 Nov 2012

Maori Economic Development Unit on way for MoBIE

9:55 pm on 19 November 2012

A new unit is to be set up in the Ministry of Business, Innovation and Employment (MoBIE) to focus on Maori economic development.

The Government released its Maori Economic Development Strategy and Action Plan at Parliament this afternoon.

The plan aims to provides a blueprint for a productive, innovative, and export-orientated Maori economy to support better paying jobs and higher living standards.

It has six key goals, including improving Maori educational achievement, and developing natural resources and export markets.

Maori Affairs Minister Pita Sharples says the new unit in MoBIE will provide administrative support for the organisations involved in the plan and will be overseen by a new Maori Economic Advisory Board.

Dr Sharples says the Maori economy is gaining strength, and revealing its potential to contribute to the New Zealand economy.

Economic Development Minister Steven Joyce says Maori make a huge contribution to the New Zealand economy; a contribution that is growing rapidly.

He says the new approach to boosting Maori economic performance will benefit all New Zealanders.