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

 


Manufacturing exports fall further in real world

29 January 2013
Manufacturing exports fall further in real world


Manufactured exports continue to fall under the National Government providing further evidence of a growing crisis in manufacturing, the Green Party said today.

New Statistics New Zealand Overseas Merchandise Trade figures for December 2012 show annual manufacturing exports values down 5.2 percent over the year, and down 9.7 percent since National took office.

“Manufactured exports have fallen 9.7% since National took office providing further evidence of a growing crisis in manufacturing,” said Green Party Co-leader Dr Russel Norman.

“Steven Joyce denies there’s a problem but the evidence shows our manufacturing sector is in real trouble.

“On Planet Joyce, there’s no crisis in manufacturing, despite the on-going decline in manufactured exports and the loss of 40,000 jobs in the sector since 2008.

“The National Government has failed to put our economy onto a more sustainable, jobs rich path.

“This fragile economic recovery looks disturbingly similar to previous economic recoveries, which are focused on unsustainable growth in house prices and consumer spending – not the critical rebalancing promised by Bill English.

“As National Bank Chief Economist Cameron Bagrie has said, increased activity in the housing sector is ‘not the stuff of a durable, long-term, sustainable upswing’.”
Treasury is forecasting the current account balance – the measure of our outgoings and incomings with the rest of the world – to deteriorate further over the next three years to $15.1 billion or 6.2 percent of GDP by 2016.

“Our widening current account deficit is the single most obvious measure of an economy that’s living beyond its means,” Dr Norman said

“High value-added manufactured exports and import substitution are a key part of economic rebalancing and drive the creation of well-paid jobs throughout our economy.

“Manufacturing can thrive again in a smart green economy, but it’s going to need a Government that recognises the challenges manufacturers’ face – namely the high and highly volatile New Zealand dollar – and deliver policy that will help them,” Dr Norman said.

“Telling manufacturers to simply smarten up is unhelpful, at best.”

Link to Statistics New Zealand Overseas Merchandise Trade figures:
http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/OverseasMerchandiseTrade_HOTPDec12.aspx

Finance Minister Bill English on the importance of an export-led recovery:
Questions for Oral Answer, 24 August 2010
Peseta Sam Lotu-Iiga: What are the benefits to the economy of an export-led recovery?
Hon BILL ENGLISH: It is vital that we rebalance our economy towards growth from the export sector. Too much of our growth over the last 4 or 5 years has come from people borrowing too much, speculating in the housing market, and that being reinforced by a splurge in Government spending. As a lot of Kiwis have found out, that is not a recipe for sustainable jobs, so an export-led recovery is required to rebalance the economy.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news