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

 


It should be Export Year every year

Canterbury Manufacturers’ Association

1 December 2006.

It should be Export Year every year

The Canterbury Manufacturers’ Association says that the $33 million addition to Government’s Market Development Assistance Scheme and the Export Year 07 promotion will have little impact on New Zealand’s exports or the ballooning trade deficit.

“$33 million is not an insignificant amount of money and it will be helpful to those firms who are able to get access to it. But compared to what stands behind an annual trade deficit of over $6 billion, it is a drop in the ocean”, says Chief Executive John Walley.

“Inflationary Government policy places upward pressure on interest rates as the Reserve Bank pushes back on the economy, the exchange rate lifts and exports suffer. This fund will not offset the damage of even a few tenths of a cent rise in the cross rates on the US and Australian dollar. Politicians are just playing round the edges rather than getting to grips with what really matters in the policy framework”, says Mr. Walley.

“High profile rah-rah presents gives a veneer of action but fixing things for real needs leadership, not politically driven, vote focused activity”.
Mr. Walley says that a policy framework that provides exporters with tax incentives to develop new innovative and upgraded products, plant and people would make it ‘Export Year’ every year. Those need to be underpinned by coordinated and coherent policies that deliver low inflation, certainty and support where it makes a real difference in the productive economy.

“If there was any real focus on the tradable economy we would not be seeing the policy driven economic imbalances, yo-yo currency and inflation that is now apparent to everyone who cares to look. The Export Year 07 scheme is a small time solution to the biggest problem in the New Zealand economy, and it will do next to nothing to reduce the $6 billion trade deficit and build export growth long term“.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news