1 00:00:00,080 --> 00:00:02,759 Speaker 1: The other thing that happens today July one, first official 2 00:00:02,840 --> 00:00:05,600 Speaker 1: day of bun You invest in z initiative. This is 3 00:00:05,640 --> 00:00:08,360 Speaker 1: the investment Attraction Agency Laura. He got passed by Parliament 4 00:00:08,400 --> 00:00:11,040 Speaker 1: last week. Now, Simon Bridges Auklandchamber of Commerce bosses with 5 00:00:11,119 --> 00:00:14,680 Speaker 1: us Simon Morning good A, Mike, I can't work out 6 00:00:14,680 --> 00:00:16,759 Speaker 1: whether this is a thing that one we should have 7 00:00:16,800 --> 00:00:19,120 Speaker 1: already been doing years ago, and two doesn't everyone else 8 00:00:19,200 --> 00:00:21,720 Speaker 1: have one anyway? And is it going to make any 9 00:00:21,720 --> 00:00:22,400 Speaker 1: difference at all? 10 00:00:23,440 --> 00:00:25,880 Speaker 2: That's yes to all of those things. I mean the 11 00:00:25,960 --> 00:00:28,120 Speaker 2: reality of you know, I think your good points is 12 00:00:28,400 --> 00:00:32,960 Speaker 2: we had suboptimal settings and now we're getting better settings. 13 00:00:32,960 --> 00:00:35,199 Speaker 2: Are they world leading? Not on your life. But I 14 00:00:35,280 --> 00:00:38,040 Speaker 2: tell you what we have got with these changes is 15 00:00:38,040 --> 00:00:40,839 Speaker 2: impeccable timing. All right, we're changing this stuff as the 16 00:00:40,840 --> 00:00:44,440 Speaker 2: world's turning increasingly to custard. You've got North Americans wanting 17 00:00:44,479 --> 00:00:46,760 Speaker 2: to exit trump Land. You've got thousands. I mean I 18 00:00:46,800 --> 00:00:49,680 Speaker 2: saw one media report thirty thousand, which sounds overblown, but 19 00:00:49,760 --> 00:00:52,920 Speaker 2: British millionaire is wanting to leave because of high tex 20 00:00:53,080 --> 00:00:55,680 Speaker 2: You've got Chinese, You've poured money into Singapore that still 21 00:00:55,680 --> 00:00:58,040 Speaker 2: want to get into an even safer haven. So I think, 22 00:00:58,040 --> 00:01:01,120 Speaker 2: I think it's really good timing. I think the other 23 00:01:01,160 --> 00:01:03,120 Speaker 2: thing I would say is in New Zealand there is 24 00:01:03,240 --> 00:01:05,920 Speaker 2: definitely I mean, I said, in Auckland in the marketplace, 25 00:01:06,000 --> 00:01:09,679 Speaker 2: real enthusiasm and excitement about this. Because if you just 26 00:01:09,760 --> 00:01:14,760 Speaker 2: say a thousand retinue residents paying somewhere between five and 27 00:01:14,760 --> 00:01:17,200 Speaker 2: ten million, let's say seven and a half million each, well, 28 00:01:17,200 --> 00:01:19,240 Speaker 2: they have seven and a half billion dollars. So the 29 00:01:19,319 --> 00:01:21,840 Speaker 2: flow and effects from that if they're investing in a startup, 30 00:01:21,880 --> 00:01:24,440 Speaker 2: and you know, the startup gets a new office and 31 00:01:24,520 --> 00:01:28,080 Speaker 2: pay some lawyers and accountants and buy some takeaway coffees, 32 00:01:28,120 --> 00:01:29,720 Speaker 2: it has a real effect on the economy. 33 00:01:29,840 --> 00:01:32,960 Speaker 1: How much is this just awareness? In other words, Oh, 34 00:01:33,000 --> 00:01:36,640 Speaker 1: I didn't think of New Zealand versus we are genuinely attractive. 35 00:01:37,720 --> 00:01:40,959 Speaker 2: I think, truthfully it's both of those things. I mean, 36 00:01:41,000 --> 00:01:43,520 Speaker 2: I do think, you know, this is world according to 37 00:01:43,560 --> 00:01:45,959 Speaker 2: Simon and stuff. But I believe for some time our 38 00:01:46,000 --> 00:01:50,480 Speaker 2: biggest strategic disadvantage over the last couple of hundred years 39 00:01:50,480 --> 00:01:53,400 Speaker 2: has been with the most isolated kind of developed country 40 00:01:53,440 --> 00:01:55,880 Speaker 2: in the world. At the moment, though, as I say, 41 00:01:55,880 --> 00:01:57,600 Speaker 2: in the world we live in that becomes I think, 42 00:01:57,680 --> 00:02:00,880 Speaker 2: quite a strong strategic advantage all the things, you know, 43 00:02:01,080 --> 00:02:04,480 Speaker 2: all of law, you know, not bad weather, but nice scenery, 44 00:02:04,640 --> 00:02:07,560 Speaker 2: actually decent people, all of that stuff. So I think 45 00:02:07,560 --> 00:02:09,400 Speaker 2: it's there. But the settings aren't bad. You know, we 46 00:02:09,720 --> 00:02:11,799 Speaker 2: had poor settings for a while there, and you saw 47 00:02:11,840 --> 00:02:13,079 Speaker 2: it in the numbers. You know, it was sort of 48 00:02:13,120 --> 00:02:16,000 Speaker 2: a billion dollars a year of and WOULD investment and 49 00:02:16,240 --> 00:02:18,800 Speaker 2: then it went to sort of fifty million. So there's 50 00:02:18,880 --> 00:02:21,239 Speaker 2: just no reason why we can't get up into the 51 00:02:21,280 --> 00:02:24,320 Speaker 2: billions again. And I think with this we will that. 52 00:02:24,400 --> 00:02:27,480 Speaker 2: The immigration always and advisors are very excited. They're they're 53 00:02:27,520 --> 00:02:31,240 Speaker 2: out there getting inquiries every day. I talk every week. 54 00:02:31,280 --> 00:02:33,919 Speaker 2: I'm not exaggerating to someone who's setting up a new fund, 55 00:02:33,919 --> 00:02:37,040 Speaker 2: a property fund and infrastructure fund or something to try 56 00:02:37,080 --> 00:02:39,839 Speaker 2: and take some of this money. So yeah, I think 57 00:02:39,840 --> 00:02:43,160 Speaker 2: it's it's a real bright line in our economy. 58 00:02:43,360 --> 00:02:45,600 Speaker 1: Good stuff. I'm nice to catch up Simon Bridges Aukland 59 00:02:45,639 --> 00:02:47,480 Speaker 1: Business Chamber of CEO with us this morning. 60 00:02:48,000 --> 00:02:50,880 Speaker 2: For more from the Mic Asking Breakfast, listen live to 61 00:02:51,000 --> 00:02:54,080 Speaker 2: news talks it'd be from six am weekdays, or follow 62 00:02:54,120 --> 00:02:55,680 Speaker 2: the podcast on iHeartRadio.