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


Balance Of Trade Data Sounds Warning Bells

"The trade deficit figures released yesterday send a clear message to New Zealand's political parties," said Federated Farmers Vice President Tom Lambie.

"The primary sector suffered from extremely adverse climatic events over the past two years, and it will take time to recover. Federated Farmers clearly flagged our concerns and forecasts of the potential outcome of the drought on the economy - to little avail."

"Export capacity for the traditional pastoral sector will take months to improve and it is highly probable that these poor balance of payment figures will continue."

"Once again, the importance of agriculture and farming to the national economy is reinforced. Rural New Zealand needs further reduction in central and local government spending and regulation if it is to perform."

"Farmers are well aware how much effort is needed to bring about growth. They will be looking hard to see a clear message from central and local government politicians that they are prepared to support farmers in their endeavours. Farmers are looking for a continued focus on tight control of the level of spending and regulation, trade liberalisation, and a further commitment to R&D funding."

"These figures must be a wake-up call to central and local government, and suburban New Zealand."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Trading Trade Me: British Private Equity Firm Signals Takeover

Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it over for $6.40 per share. More>>


Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>


In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>


Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>