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

 


New Trade Flow Measures provide Message to Government

Media Release

17 January 2013

New Trade Flow Measures provide Message to Government

The just-released OECD – WTO trade flow database has significant implications for government trade policy in New Zealand according to the New Zealand Chambers of Commerce Inc (NZCCI).

“This new way of looking at trade flows emphasises the importance of international supply chains rather than gross cross-border trade as traditional measures do,” said NZCCI Director Michael Barnett.

“The findings emphasise the importance of imports as a business input. They also show that the contribution of services to trade flows has been understated.

“Government trade policy needs to recognise that the internationalisation of New Zealand business is not just about increasing exports but is about increasing international activity generally. This means increasing two-way trade as well as cross border investment and migration.

“The services sector is an important part of this and government policy needs to focus as much on achieving high quality outcomes in non-agricultural goods and services as it does on agriculture.

“Imports should not be seen as a dirty word. They are an important component of business and exports and import barriers are just another cost to internationally focussed New Zealand businesses.

“The database shows that about a third of imported intermediate inputs are used to produce goods and services that are exported.

“Trade Minister Groser should be congratulated for his role in supporting the production of these statistics and this fresh way of viewing trade flows,” Mr Barnett concluded.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news