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

 


Interest Rates Rise Hurts Primary Production

Media Release


01 December 2005


Interest Rates Rise Hurts Primary Production


New Zealand First says the Reserve Bank’s plan to lift interest rates even further next week will impact on the export potential of the fishing, forestry and manufacturing sectors during what should be a busy period for overseas sales.

“High interest rates and an over-valued New Zealand dollar have made it extremely difficult for our exporters to compete on world markets,“ said Primary Production spokesperson Doug Woolerton.

”Instead of removing obstacles to grow exports, we have created an importers’ paradise.

“The strong base of primary production, both on the land and sea, provide downstream jobs for hundreds of businesses and thousands of people. It remains the backbone of this country, and we cannot afford to stifle its growth with shortsighted economic and trading policies.

“For far too long interest rates have been used as a blunt instrument to control inflation, with little consideration of their detrimental impact on other aspects of the economy.

“We need to promote a balanced and flexible monetary policy of lower exchange and interest rates conducive to real export and employment growth for our primary sector.

“New Zealand First is looking forward to 2007’s “Export Year”, as stated in our confidence and supply agreement with the Government. The prioritization of measures to significantly grow our export sector is essential if we want to expand our economy,” concluded Mr Woolerton.


ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news