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

 


Exports and technology lead changing economy

Exports and technology lead changing economy

Many key business sectors in New Zealand are evolving rapidly in response to the opportunities of the global economy and the digitisation of economic and social activities, according to two new Government reports released today.

Economic Development Minister Steven Joyce today released the last two reports in the New Zealand sectors report series: the New Zealand Sectors Report 2014, which gives a comprehensive overview of New Zealand’s economic performance; and the Knowledge Intensive Services Report, which has a special focus on professional, scientific and technical services and highlights the critical role the people in these sectors play in disseminating knowledge and facilitating growth, innovation and exports for New Zealand.

“These two latest reports show the successful adaptation of our trading businesses to the changes of the past 40 years, and more recently the post-GFC environment,” Mr Joyce says.

"It is actually quite phenomenal how the New Zealand export sector has successfully adapted to the growth of Asia and the strength of the New Zealand dollar.

“Less than 40 years ago the UK took approximately 50 per cent of all New Zealand’s exports; today it takes just 3 per cent and China, Australia and the US are our biggest trading partners.

“Australian businesses are responsible for 63 per cent of all foreign direct investment in New Zealand, while half of all our outward direct investment is in Australia. A growing number of New Zealand businesses are truly trans-Tasman in scale and reach.

“Dairy continues to be our biggest export industry, but other large New Zealand exports include technology products, oil and gas, processed foods, wine, education, and IT services.”

Mr Joyce says as well as global forces, change in New Zealand is being driven by the growth of Auckland, the continuing impact of the Christchurch earthquakes, and an increased number of experienced entrepreneurs, business owners, governance boards and Iwi Incorporations committed to growing large New Zealand based international businesses.

“New Zealand is a young country still developing its competitive advantages. Like other developed countries most of the job growth is in the services industry,” Mr Joyce says.

“All of the actions in the Business Growth Agenda are about removing barriers and encouraging competitive businesses from across the economy, including the services sector, to succeed on the world stage.”

The Knowledge Intensive Services Report and the New Zealand Sectors Report 2014 are the last two in a series of seven Government reports on key sectors of New Zealand’s economy. Together they make up the New Zealand Sectors Report Series.

The reports are available at: http://www.mbie.govt.nz/what-we-do/business-growth-agenda/sectors-reports-series

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On The Last Rites For The TPP

The Trans Pacific Partnership trade deal is one of those litmus issues that has always had more to do with one’s place on the political spectrum than with any imminent reality.

To date, the Greens have opposed (a) a wide range of the leaked content of the TPP (b) the secretive way it has been negotiated and (c) the undemocratic way in which any final document would be ratified. Labour has shared some of those concerns, but while remaining generally supportive of the deal itself.

National has, for its part, been very enthusiastic about the TPP, while still giving assurances about Pharmac being protected... For the TPP’s friends and foes alike though, the end now seems nigh. More>>

 
 

Gordon Campbell: On The Farcical Elevation Of David Seymour

With the election won, it’s time to find jobs for the boy. David Seymour is the Act Party’s latest scrounger to be rewarded by the National Party, and not only with a seat in Parliament. More>>

ALSO:

As Key Mulls Joining ISIS Fighting: McCully Speech To UN Backs Security Council Bid

It is an honour to address you today on behalf of the Prime Minister and Government of New Zealand. Our General Election took place last week - our Prime Minister Rt Hon John Key is engaged in forming a government and that is why he is unable to be here in New York... More>>

ALSO:

Labour: Cunliffe Triggers Party Wide Leadership Contest

David Cunliffe has resigned as Labour Leader, but says he will seek re-election... If there is any contest the election will have to go through a process involving the party membership and union affiliates. More>>

ALSO:

Flyover Appeal: Progress And Certainty, Or Confusion And More Delays?

Lindsay Shelton: The Transport Agency, embarrassed by the rejection of its flyover alongside the Basin Reserve, says it’s appealing because the decision could “constrain progress.” Yet for most clear-sighted Wellingtonians a 300-metre-long concrete structure above Kent and Cambridge Terraces would in no way be seen as progress… More>>

ALSO:

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party... More>>

ALSO:

Key Seeking 'New Ideas': Look To Children’s Commissioner On Poverty - Greens

John Key should not reinvent the wheel when it comes to ideas for tackling child poverty, and instead look to the recommendations of the Children’s Commissioner’s Expert Group on Child Poverty, Green Party co-leader Metiria Turei says. More>>

ALSO:

'Safe To Re-Enter' - OIA Docs: Safety Is Absolute Priority At Pike River Mine

“We understand that the time it is taking to complete our evaluation of the risks is frustrating for the family members and we are trying to complete this work as quickly as we can,” Ms Dunphy says. “It is Solid Energy’s responsibility to make this decision and we will do so, once we have all the information required to make a fully-informed decision.” More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news