Maori economy offers dividends - plan

Updated at 10:37 pm on 19 November 2012

A 30-year plan to boost the Maori economy aims to create better paying jobs and higher living standards for Maori.

The Government today launched He Kai Kei Aku Ringa - which means self-generating well-being.

The strategy was drawn up by the Maori Economic Development Panel - an independent group made up of business and iwi leaders.

One of the first initiatives will be for the Crown to set up a Maori unit within the new Ministry for Business, Innovation and Employment.

The new Maori unit will also have staff seconded from Te Puni Kokiri - the Ministry for Maori Development.

Economic Development Minister Steven Joyce says Maori already make a huge contribution to the New Zealand economy.

He says Maori own substantial assets, run sizeable commercial ventures and are significant exporters.

Mr Joyce says the strategy aims to create a productive, innovative, and export-orientated Maori economy.

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