Hon STUART NASH: Advanced manufacturing is vitally important for New Zealand. It is a broad, diverse sector and a major contributor to the economy, jobs, and our communities. However, we must lift labour productivity and capital intensity if we are to ensure a sustainable, profitable, and globally competitive advanced manufacturing sector going forward. Two trends provide an opportunity to accelerate the growth and transformation of the sector over the next 20 years. First, the sector was undergoing a fundamental shift through the application of advanced technologies and processes; and secondly, more focus than ever is being placed on economic activity that is high wage, circular, and low emissions.