6. Coming up this week...

This week in the political economy in the week ahead...

Tuesday

Parliament resumes for the second week of a four-week sitting session with Question Time at 2pm. The following bills are scheduled for debate: Land Transport Management (Regional Fuel Tax) Amendment Bill Committee stage, Taxation (Neutralising Base Erosion and Profit Shifting) Bill Committee stage continued, Exclusive Economic Zone and Continental Shelf (Environmental Effects) Amendment Bill Second reading, and the Local Government Regulatory Systems Amendment Bill First reading.

Wednesday

Globaldairytrade is due to hold its fortnightly dairy auction overnight on Tuesday and Wednesday. Product prices are expected to slip because of a pick-up in supply.
The GDT price index slid on June 5 for the sixth time in eight auctions, with whole milk powder falling amid increased volume on offer and higher milk collections by Fonterra.

Statistics NZ is scheduled to release balance of payments and international investment position figures for the March quarter at 10.45 am.

In Parliament, the Appropriations (2017/18 Supplementary Estimates) Bill Second reading is scheduled, followed by third reading but no debate of the Imprest Supply (First for 2018/19) Bill All stages. The Taxation (Neutralising Base Erosion and Profit Shifting) is due for a Third reading.

Parliament's Select Committee schedule shows the Finance and Expenditure Select Committee is scheduled to hear a briefing on the living Standards Framework.

Thursday

Statistics NZ is scheduled to release GDP data for the March quarter at 10.45 am. Economists expect growth to slow to around 0.4-5 percent for the quarter and 2.6-7 percent from a year ago.

In Parliament, the Heretaunga Tamatea Claims Settlement Bill is scheduled for a Third reading, the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Amendment Bill will go through its Committee stage and the Local Government Regulatory Systems Amendment Bill will have its First reading.

The Finance and Expenditure Select Committee is scheduled to report back on the Overseas Investment Amendment Bill. This would be the first chance for the Government to make amendments that soften some of the impact of the bill, particularly around stopping foreign investors from holding onto new apartments they build.

The Primary Production Committee is scheduled to hear a briefing about the connection between international consumers and New Zealand producers from 10 am.

The Transport and Infrastructure Committee is scheduled to hear briefings about emerging technologies in the transport sector and the safe use of drones.

Deputy Prime Minister Winston Peters is due to meet with EU Trade Commissioner Cecilia Malmstrom in Wellington. See her interview with Sam Sachdeva on Newsroom Pro for more background.

Friday

Statistics New Zealand is scheduled to release international travel and migration figures for May at 10.45 am.