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

 


Loss of value-add holding back NZ exports

27 March 2014

Loss of value-add holding back NZ exports

Despite record commodity prices, New Zealand’s exports are falling short of their potential as manufactured exports fall, Green Party Co-leader Dr Russel Norman said today.

New figures from Statistics New Zealand show that the value of milk powder and log exports increased rapidly in recent years but those gains have been largely offset by the big decline in the value of manufactured and other exports.

“In government, the Greens will focus on adding more value to our exports. We should be exporting high-value, high-tech goods made from the resources that we produce. That would create jobs and wealth here in New Zealand. Instead, we are just exporting those raw commodities and letting other countries capture the value of manufacturing them,” said Dr Norman.

“Despite the surge in commodity export revenue, the inflation-adjusted value of exports has risen by just 4% since John Key came to power. Rising commodity prices have increased revenue from milk powder and logs but the value of all our other exports has plunged.

“National is nowhere near on track to meet its goal of increasing exports to 40% of GDP by 2025.

“Manufactured exports are down 20% under National, including a 4% fall in the past year.

“National seems to think we can just ride on a wave of rising commodity prices forever but, as the recent fall in milk prices shows, that wave will break sooner or later. When commodity prices fall, we’ll find that the value-add parts of our economy are a shadow of their former selves.

“If we want a truly prosperous and environmentally sustainable New Zealand, we need smart, modern manufacturing and other high-value sectors. We can’t just rely on China having an unending appetite for our milk and logs.

“The Greens will support high-value manufacturing by working to get the dollar down to a fair level. We will support Kiwi manufacturers by ensuring that the government buys Kiwi-made when it can. The Greens will support innovation by investing in research and development and through measures such as our Structural Timber Award.

“The Greens’ plan will create high-skill, high-wage jobs and mean that New Zealand earns more for its exports while doing less harm to the environment,” said Dr Norman.


Additional information:

inflation-adjustedMilk powder and logsManufactured exportsTotal exports
Year to November 2008$ 7,485,205,405 $ 13,777,438,491 $ 47,743,228,690
Year to February 2013$ 9,792,462,267 $ 11,598,265,382 $ 46,745,802,979
Year to February 2014$ 13,230,677,303 $ 11,086,557,551 $ 49,710,694,687
Change: Nov 08-Feb 14$ 5,745,471,898-$ 2,690,880,939 $ 1,967,465,997
Change: Feb 13-Feb 14$ 3,438,215,036-$ 511,707,831 $ 2,964,891,708
Change: Nov 08-Feb 1477%-20%4%
Change: Feb 13-Feb 1435%-4%6%

Source: Statistics New Zealand

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop Editor "Ask me anything" : Scoop's 'Invisible Paywall'

Operation Chrysalis: The Final Countdown - Thanks & There's Still Time To Pledge

Phew! We are now counting down the hours to the end of this crowd-funding campaign at 11pm on Sunday. Thankyou to all those Scoop readers and supporters who have pledged already. You have been awesome. But this is not over yet. More>>

 
 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news