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The latest Business Growth Agenda progress report, Building Natural Resources, sets out how New Zealand can build growth and jobs from sustainably using its natural resources, Finance Minister Bill English and Economic Development Minister Steven Joyce say.

Building Natural Resources sets out the 49 initiatives the Government is taking to improve the way we use and manage our resources. It encourages businesses to find ways to become more innovative to get the best results for the economy and the environment.

Finance Minister Bill English and Economic Development Minister Steven Joyce have today launched the first Business Growth Agenda progress report on Government actions to boost New Zealand exports.

The Building Export Markets report confirms the Government’s target to increase the contribution of exports to the economy from 30 per cent to 40 per cent of GDP by 2025.

Acting Prime Minister Bill English and Science and Innovation Minister Steven Joyce say they are deeply saddened by the news that Sir Paul Callaghan has died in Wellington.

"Sir Paul Callaghan was an outstanding New Zealander who made his mark as a world-leading scientist. He fought a valiant battle with cancer, and has been taken from us far too early," Mr English says. "Our thoughts are with Sir Paul's family at this time.

The Government will focus on six key areas over the next three years to help companies grow and to build a more productive and competitive economy, Finance Minister Bill English and Economic Development Minister Steven Joyce say.

Building a more competitive economy is one of four main priorities the Prime Minister has outlined for the Government in this term.