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

 


Manufactured exports shrink further

25 September 2012

Manufactured exports shrink further

Manufactured exports continue their free-fall, evidence of the simplification of New Zealand’s export economy under National’s high dollar strategy, the Green Party said today.

Statistics New Zealand Overseas Merchandise Trade figures for August show annual manufacturing exports values down 8.6 percent over the year, and down 20.9 percent, in real terms, since National took office. Manufactured exports for the year to August were $10.9 billion, compared to $12.0 billion for the 2012 August year.

“Manufactured exports fell by a billion dollars in the past year. Since National took office, manufactured exports are down by over 20 percent in real terms,” said Green Party Co-leader Dr Russel Norman.

“Our manufacturing export sector is in real trouble. The National Government is not fighting for manufacturers.

“The good news story for exports this quarter was driven primarily by increased exports of logs and wood. The simplification of our export strategy is concerning. A growing reliance on one or two commodity exports will make our economy more vulnerable to commodity price swings and adverse events like droughts and storms.

“National is not building a strong, resilient export sector.

“Bill English promised to rebalance the economy towards the tradable productive sector, but these numbers show he is failing.”

Earlier this week, the Productivity Commission raised serious concerns about New Zealand’s poor productivity performance relative to the OECD. Our low productivity means we work longer hours and produce less value resulting in lower incomes and quality of life.

“The National Government are repeating the mistakes of previous governments. They are failing to reverse the decline in productivity by investing more in research and development,” said Dr Norman.

“Innovation is a key driver of prosperity in advanced economies, yet this current government has relied on an economic strategy of simply doing more: producing more milk solids, mining more minerals, securing more overseas visitors, and working longer hours.

“This is not a smart green pathway towards a more prosperous economy.

“Manufacturing can thrive again in a smart green economy, but it's going to need a Government that recognises the challenges manufacturers face and works together with them to deliver policy that will help,” Dr Norman said.

Link to Statistics New Zealand Overseas Merchandise Trade figures:
http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/OverseasMerchandiseTrade_HOTPAug13/Commentary.aspx
ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news