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

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news