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

The Future Of Work: Andrew Little - State Of The Nation 2015

In 2005 when I led the EPMU we worked together with Air New Zealand to find a way to keep engineering jobs that were heading overseas. A lot of these workers were people I’d known for years and they were facing not just losing their jobs but not being able to find the kind of work they do without going overseas. A lot of people were facing personal and financial upheaval.

It was hard work but in the end we kept more than 300 skilled and well-paid jobs in New Zealand. And we managed to benefit Air New Zealand and its workforce with productivity gains too... More>>

 

Gordon Campbell: On The Sabin Case, The Pressures On Greece And (Songs About) Coyotes

Mike Sabin is a National MP, and the current chairman of Parliament’s law and order committee. Yet reportedly, he is being investigated by the Police over an assault complaint... However, the PM will not comment on any aspect of the story. More>>

ALSO:

Houses, ISIS, King (& Catton): PM Post-Cabinet Press Conference

The Prime Minister met with reporters to discuss: • Social housing, the Auckland housing market • The prospect of joining international forces to combat ISIS • David Bain’s compensation • The lowering of the flag for the King of Saudi Arabia's death ... More>>

ALSO:

Gordon Campbell: On Tomorrow’s Speeches By John Key And Andrew Little

The Key government has already kicked off the political year on a stridently ideological note, with Environment Minister Nick Smith choosing to lay all manner of sins at the door of the RMA. Tomorrow, the government will wheeling out its best salesman – Prime Minister John Key – to sell its plans for state housing… . More>>

ALSO:

Transport: Auckland Looks To Light Rail

The Board of Auckland Transport has called for an investigation into a light rail network, which could relieve traffic congestion on some of the region’s busiest roads. This stems from work in 2012 (the City Centre Future Access study) which responded to a government request to develop a robust and achievable solution for access to the CBD. More>>

ALSO:

RMA: Smith's Claims Don't Match Evidence - Greens

The Motu group’s research into the impacts of planning rules looked at the costs related to housing development but not the benefits of environmental protections and does not recommend significant changes to the RMA to reduce the cost of new house builds. More>>

ALSO:

Gordon Campbell: On The Similarities Between John Key And David Cameron

For years now, David Cameron has been the closest available thing to a mentor/analogue to our Prime Minister, such that Key watchers could be interested in an analysis of Cameron that appeared in the British press over the Christmas break. More>>

Gordon Campbell: On Ian Fletcher Resignation & GCSB’s New Role

It may well be that after being shoulder-tapped in Queensland for the GCSB job, three years of living in Wellington has been enough for Fletcher and his family, given that the pending review of the GCSB would have required an even longer commitment from him. Three years of Wellington’s weather is enough for anyone... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news