New Zealand announces space policy review and new space strategy

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WELLINGTON, Sept 5 (Reuters) – The New Zealand government said on Monday it would review the country’s space policy and launch an aerospace strategy as part of a drive to develop the sector.

New Zealand has a small but growing space industry, which generated an estimated revenue of NZ$1.75 billion ($1.06 billion) in the 2018-2019 financial year, according to a report commissioned by the government in 2019.

The best-known company is launch company Rocket Lab USA Inc (RKLB.O), which launches rockets from a small town on the country’s east coast.

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The country’s clear skies and diverse geography make New Zealand an ideal location for aerospace activity, Associate Minister for Transport Kieran McAnulty said in a statement.

“The government’s aerospace strategy will ensure that regulations remain fit for purpose and that advanced aviation technology is integrated into transport networks without disadvantaging those who use the airspace.”

McAnulty said he’s heard from the industry that there needs to be a well-resourced regulator that can keep pace with the rapidly changing industry.

The government is providing NZ$3.7 million to the Civil Aviation Authority to set up a program which will partly increase its regulatory capacity.

($1 = 1.6437 New Zealand dollars)

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Reporting by Lucy Craymer; Editing by Rashmi Aich

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