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

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news