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

 


OECD ranks New Zealand’s service sector amongst most open

OECD ranks New Zealand’s service sector amongst most open

New Zealand’s service sector ranked amongst the most open in a recent survey of 40 countries conducted by the Organisation of Economic Cooperation Development (OECD) says Trade Minister, Tim Groser, speaking from the OECD's annual Ministerial Council Meeting in Paris.

The OECD’s new Services Trade Restrictiveness Index (STRI) aims to quantify the restrictiveness of policy measures related to trade in services for the 34 OECD members countries as well as Brazil, China, India, Indonesia, Russia and South Africa across 18 sectors.

"New Zealand’s overall STRI report card demonstrates just how open, competitive and efficient our services economy is.

"We have a better STRI score than the average for 15 out of the 18 sectors covered by the index. In areas such as accounting services, engineering, road and air transport, we are assessed to have some of the most open regimes amongst the countries surveyed, says Mr Groser.

Service exports are an important component of New Zealand’s trade profile in their own right, totalling around NZ$16 billion in 2013 and comprising around 25% of total exports. While tourism is the biggest contributor, exports of commercial services in areas like communications, finance and information technology, now make up around a quarter of New Zealand’s total services exports.

"In addition to the revenues New Zealand can earn directly from services exports, well-functioning transport, logistics and finance systems are the oil in the wheels for New Zealand’s more than $60 billion worth of exports.

"According to the OECD, the value added from the services sector accounts for around 46% of the total value of New Zealand exports.

"With world trade increasingly taking place within global value chains, our exporters need to be able to access and participate in these service sectors in other countries where they are doing business. We will therefore continue to use our FTA agenda, services negotiations in Geneva and participation in economic fora like the OECD to encourage our trading partners to reduce barriers to services trade," Mr Groser says.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured: Suspect Arrested After Ashburton Shooting

Police apprehended Russell John Tully just after 5pm this evening following the armed incident in Ashburton this morning.

Canterbury dog section and AOS apprehended Tully not far from Lake Hood. No shots were fired although Tully will be treated for minor dog-bite injuries.

Tully is now in custody at Ashburton Police Station. More>>

 

Parliament Today:

John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

ALSO:

Internet MANA: Georgina Beyer Rocks The Waka

“There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority of MANA members and supporters around the country” states MANA Candidate for Waiariki, Annette Sykes. More>>

ALSO:

IGIS Update: Inquiry Into Release Of NZSIS Information

The Inquiry would be conducted in private and individuals would appear before her separately over a period of more than a week. She does not intend to name those summoned to give evidence until her report is published. “I can confirm that all persons summoned will be required to appear under oath...” More>>

ALSO:

Gordon Campbell:
On John Key’s ‘Blame It On Judith’ Strategy

Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

ALSO:

Maori Council Lawyers' Statement: Supreme Court Decision On Maori Water Rights

“…the Supreme Court refused to give Pouakani people what they asked for, but may have given them something much, much better instead… the Supreme Court has questioned whether the Crown owns the River at all.” More>>

ALSO:

Gordon Campbell: On The Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

ALSO:

Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

ALSO:

More Immigration News: First People Trafficking Charges

The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news