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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news