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 Years With New Methods: Crime Stats Show Increase Led By Burglary

The two years of data show an increase in the total victimisation rate of 3.1 per cent, with 12,060 more victimisations in the 2015/16 year when compared to 2014/15 year. From this increase, 72 per cent is attributable to burglaries. More>>

ALSO:

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news