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

 


Export report praised for raising difficult questions

Media statement Friday, November 16th, 2012

Export report praised for raising difficult questions

The NZIER report released today, Lifting Export Performance prepared for Export New Zealand is a timely reminder of the challenging issues facing us if we are to improve our standard of living, the Employers and Manufacturers Association says.

"Boosting exports is vital to lift New Zealand's economic performance," said EMA chief executive Kim Campbell.

"This report asks the difficult questions why we are not improving our export performance faster, and in a fresh way," he said.

"It underscores that we must not underestimate the challenges of scale and distance our businesses face.

"New Zealand has to compete for investment dollars the same as every other country, and for us to attract investment in productive enterprise we need to focus on doing extremely well those things where we display demonstrable strength.

"But to grow our exports we will also need to specialize and diversify further.

"To do that we could introduce new policies and practices to offset the challenges faced by some of our exporters, though there is no silver bullet.

"Its gratifying the report agrees our company tax rate is too high for a country of our size, location and modest income levels. We should aim to get ours to 20 per cent, comparable with Switzerland or Chile.

"We note it says government spending can have unintended consequences and act as a tax on exports.

"Keeping Government spending under firm control, and the public saving more, will have far more impact on the exchange rate than trying for a quick fix such as printing money.

"All New Zealanders must understand we cannot achieve higher standards of living without funds to invest in productive businesses.

"The report remains silent on the gains to be had from investing in manufacturing; every job created in manufacturing delivers five more in the wider economy. The lack of extrapolation of this through to the export sector and job creation is somewhat surprising given the report is authored by the NZIER think tank.

"We agree that developing a population policy would be valuable; however 15 million people by 2050 is aspirational and invites speculation on what New Zealand would be like with such a level of population density.

"Another unanswered question is: What should we do now?

"Its no use thinking by standing on an acorn we will end up at the top of an oak tree."

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news