New Zealand has to become more welcoming towards foreign investment if it is to grow exports and boost its capital markets, according to economic development minister Steven Joyce.
Joyce said that figure was 70 to 90 per cent more than what was currently being invested and needed to come from more domestic investment as well as more international investment.
"We have to become more welcoming of international investment. We have to start asking ourselves whether that is a bad thing."
Joyce said that didn't necessarily mean accepting every foreign investment but New Zealand needed foreign capital to help it to grow the economy and create more jobs.
"This economy was built on international investment. If we want to go faster we need to have more international and domestic investment."
The report is the sixth to come out of the government ranging growth export markets, innovation, skills and safe workplaces, infrastructure and resources.
