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

 

US trade deal – time to get our policies right

24 September 2008

US trade deal – time to get our policies right

A trade deal with the US holds some potential for New Zealand’s exporters as 10% of our exports already go there. However, the details of the agreement are still to be negotiated and this will take time. The New Zealand Manufacturers and Exporters Association (NZMEA) say that we need to get our domestic policies right so that we have some exporters left to take advantage of any trade deals.

NZMEA Chief Executive John Walley says, “As we saw with the China Free Trade Agreement (FTA) the devil is in the detail, we have a number of members who do not have access to the Chinese market at this point, so details matter more than headlines in trade deals.”

“To take advantage of trade deals we must have greater stability in the real economy, and policy, particularly monetary policy, that changes the exchange rate impacts that threaten investment in the real economy and our ability to trade.”

Bryan Gould, a former senior politician in Britain and Vice Chancellor of Waikato University, has released a book adding to the debate on New Zealand’s competitiveness problems. He explains the monetarist thinking that led politicians to take New Zealand down its current path and why these policies do not work for us.

“This adds further weight to the arguments presented to the Finance and Expenditure Select Committee that we need monetary policy changes to stabilise our exchange rate so that exporters have the confidence to invest in increasing their productivity,” says Mr. Walley.

“Trade deals can help, but without the capacity to trade, do they matter?”


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: