Winston Peters calls Fonterra vote result 'utter madness'
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
However, now that Peters’ party is in government it is forced to curb its ‘look-at-us’ xenophobia.
As political commentator Richard Harman says on his website politik.co.nz, “NZ First looks powerless to stop the takeover by Chinese dairy company Yili of the troubled Westland Co-op Dairy Company. They will have to stand back and let the independent Overseas Investment Office decide whether to approve the purchase [of Westland by Yili].”
When Shanghai Maling bought 50% of Silver Fern Farms in 2016 Peters kicked up merry hell, frothing at the mouth about foreign ownership, inciting the usual chorus of anti-Chinese sentiment from certain quarters.
Harman notes Peters’ response to the Westland deal is more... muted: “Peters said Westland shareholders were entitled to sell their assets to ‘who they might’.”
