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

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