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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news