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

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences.

Such is the power of the economic orthodoxy that when opposition parties arise – say, in the shape of the Greens – their “credibility” is measured by the extent to which they give the appearance of learning and abiding by the ruling consensus.

The tension between the desire for change – and the inability of the current political framework to deliver it – creates openings for populists of all stripes. It is what has made the emergence of Internet Mana so interesting. More>>

 

Parliament Today:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news