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


September trade deficit biggest in 20 years

September trade deficit biggest in 20 years

"The latest export figures don't paint a pretty picture for either exporters or the economy at large," says National Party Trade spokesman, Lockwood Smith.

"For 18 months now, each month's export income has been less than the same month in the previous year.

"Year on year, our export income has now been in decline for two full years.

"In the last 12 months that means almost $3 billion less has flowed into the New Zealand economy than flowed in the previous year, and that was already down on the year before that.

"Three billion dollars may not mean a lot to some people, but it is the equivalent of eliminating our entire fruit exports, wool exports, wood pulp and wastepaper exports, beverages wine and spirits exports, and the glamour boat industry exports, all in one year," Dr Smith says.

"Add to that decline in export income, the fact that our trade deficit for September was the greatest since 1984 and we have a situation that is not a matter of if it will be felt across our entire economy - but when.

"The Labour Government's response to this serious situation is to impose yet another tax on our export sector with a new security tax on all export shipments", says Dr Smith

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news