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This Article is From Apr 07, 2024

New Zealand Tightens Worker Visas Over 'Unsustainable' Migration

New Zealand Tightens Worker Visas Over 'Unsustainable' Migration
While the central bank recently softened the threat of another interest-rate hike, it has previously warned that the population jump might add to inflation due to extra demand for houses and rental accommodation.
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(Bloomberg) -- New Zealand's government made immediate changes to an employment visa program, citing "unsustainable" net migration and flagging further potential changes.

The alterations include introducing an English-language requirement and reducing the maximum continuous stay for a range of lower-skilled roles for the Accredited Employer Worker Visa, according to a statement issued Sunday. Minimum skill and work experience criteria will apply to most jobs covered by the program.

“These changes are the start of a more comprehensive work programme to create a smarter immigration system that manages net migration, responds to our changing economic context, attracts top talent, revitalises international education, is self-funding and sustainable, and better manages risk,” Immigration Minister Erica Stanford said in the statement.

The release estimated that migration last year was a near record 173,000 non-New Zealand citizens. The country's population stands at about 5.1 million. 

While the central bank recently softened the threat of another interest-rate hike, it has previously warned that the population jump might add to inflation due to extra demand for houses and rental accommodation.

The working-age cohort increased at a slower pace in the year through March, suggesting that the surge in foreign workers may have peaked.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

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