Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Exports in decline for nine months

Dr Lockwood Smith National Trade Spokesman

29 January 2003

Exports in decline for nine months

National's Trade spokesman, Dr Lockwood Smith, says the negative trend in New Zealand's export income has continued right up to the end of 2002.

"Overseas Merchandise Trade data released today shows that New Zealand's exports have been in decline now for 9 months.

"Since March last year, each month has seen fewer export dollars earned than for the same month in 2001," Dr Smith says.

"For the year ended December 2002, export earnings were down 5.1% compared with the previous year.

"Five percent may not sound like a huge decrease but it follows two years where export income increased 24.1% in 2000 and 11.7% in 2001.

"The turnaround in the export trend is massive," Dr Smith notes.

"Economic growth is now largely dependent on immigration driven domestic demand, that's not a sustainable recipe and Dr Cullen must know it.

"If it continues, we can expect to see our trade deficit start to burgeon.

"Already for the year to the end of November 2002, the trade deficit is more than a billion dollars," he says.

"The low dollar/high commodity price economic tail wind of Labour's first term in office is quickly fading.

"Now the policies Labour has enacted - the Local Government Act, OSH legislation, ACC renationalisation, higher taxes and the canning of significant RMA reforms, not to mention further labour market regulation - will soon start to bite.

"Jim Anderton's photo opportunity handouts to lucky businesses are no substitute for sound policy when the going gets tougher," concluded Dr Smith.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Claims About The CPTPP

As a Tufts study usefully explained, some of the basic mechanisms of the original TPP (and the CCTPP is not radically different in this respect) would – in practice – contribute to income inequality, by further tilting the existing imbalance between those reliant on profit-taking as a source of income, and those reliant on wages...

Under the original TPP deal, the Tufts team estimated, 5,000 jobs would have been lost across New Zealand. More>>


Growing The Regions: Provincial Growth Fund Open For Business

The new $1 billion per annum Provincial Growth Fund has been officially launched in Gisborne today by Regional Economic Development Minister Shane Jones. ... More>>


22/2: Earthquake Memorial Service In Christchurch

"The theme of this year's service, 'Keeping their dreams alive" helps us look back at all that we've lost with a sense of hope and aspiration for the future,'' says the Mayor. "It also helps us to recall all those who came to our rescue and those who offered support at our time of need and what that meant to us." More>>


Submissions Closing: Mangroves Bill 'Designed To Bypass RMA'

Forest & Bird is releasing emails which show the Mangroves Management Bill is intended to completely override the safeguards of the Resource Management Act (RMA). More>>


EQC Shakeup: Chair Of Earthquake Commission Has Resigned

The Chair of the Earthquake Commission, Sir Maarten Wevers, has resigned following receipt of a letter from Minister Responsible for the Earthquake Commission, Dr Megan Woods expressing her displeasure with the performance of the Commission ... More>>


NZer Of the Year: Gender Pay Equity Activist, Kristine Bartlett – A Brilliant Choice

National Council of Women (NCWNZ) CEO and Gender Equal NZ Spokesperson, Dr Gill Greer says she’s delighted with news that equal pay champion, Kristine Bartlett, has been named New Zealander of the Year . More>>


Perceived Transparency: New Zealand #1 Least Corrupt Public Sector In The World

New Zealand's public sector is ranked the least corrupt in the world, according to Transparency International's 2017 Corruption Perceptions Index (CPI) released globally today. More>>


Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>





Featured InfoPages