Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Asia, the economy and exports

Canterbury Manufacturers’ Association.
Media Release.
5 July 2006

The Canterbury Manufacturers’ Association says that while Asia is important to New Zealand’s future economic growth, as stated in the Asia Knowledge Working Group’s report released this week, we must not sacrifice our own exporting capability when developing trade relations with other countries.

The Association recognises the rapidly growing market and exporting opportunities which Asia presents for New Zealand companies and says that local companies risk being marginalised by international competitors unless they understand and successfully engage with these markets. The CMA says that trade liberalisation, whether it is bilateral or regional, is becoming a political and economic fact of life. In December 2004, China and ASEAN signed an accord which once fully implemented will create a market of over 2 billion people by 2010 that can compete with Europe and the United States.

Trade is fundamental to New Zealand as exports are the key to this country’s future. However other countries maintain policies to protect their economies even when negotiating Preferential Trade Agreements and the CMA says that New Zealand can choose do the same.

Chief Executive John Walley says that the details around the negotiation of trade agreements, compliance and approval regimes, safeguards, dispute resolution, are as important as the tariff headline rates, country of origin definition, country of origin marking. The other critical area is the balancing of other export subsidies and export supports often present in developing and low cost economies. This does not mean that New Zealand should turn its back on trade and increased economic interaction with other countries. “Thoughtful negotiations would help New Zealand exporters access overseas markets before the competition and avoid a number of potentially negative outcomes.” says Mr. Walley

Mr. Walley says that with a more level playing field, New Zealand, manufacturers and exporters are able to compete with overseas cost based competition. This capability has developed over many years and could quickly be lost in a rush to try and secure preferential trade agreements with the low-cost countries. The loss of capability means the loss of the ability to make the most of future opportunities. To some extent when we loose capability, we loose the future.

“New Zealand can extend its ties with China and other Asian nations at all levels of society. Local companies can develop markets for niche, high-value products and are successfully doing so. Through this process, exports and future economic growth will be built” says Mr. Walley. “However, New Zealand should avoid pursing this course on any terms and at any price and will only benefit if the trade framework is developed smarter, not faster”.


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


  • Bill Bennett on Tech