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


Record trade deficit highlights flawed policies

6 October, 2004

Record trade deficit highlights flawed policies

The Green Party has placed responsibility for the all- time record August year trade deficit of $3.83 billion firmly at the feet of the Labour-led government.

Statistics New Zealand reported today that the trade deficit for the year to August was $3.83 billion, up $1.01 billion on August 2003. The August month deficit of $718 million, or 30.3 per cent of exports, is the largest since 1982.

"It seems that the more Labour talks up free trade and pursues preferential deals with sweat-shop economies, the worse New Zealand's trade deficit gets," said Green Co-Leader, Rod Donald.

"How bad do our trade and balance of payment deficits need to get before Labour faces the reality that its so-called export led and free market strategies are flawed, and accepts that it should focus on making our economy self-reliant and sustainable?

"Opening our borders to a flood of sweatshop goods from Thailand and China will only make our bad trade situation even worse," said Mr Donald.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news