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

 


April trade figures show commoditisation of NZ economy

26 May 2014

April trade figures show commoditisation of NZ economy

The commoditisation of the New Zealand economy and our reliance on China is gathering pace, according to the latest trade figures, the Green Party said today.

While April’s Overseas Merchandise Trade data released today show a surplus, strong growth in exports of milk powder and logs and declining manufactured exports is evidence of the simplification of New Zealand's export economy under National's high dollar strategy, Green Party Co-leader Dr Russel Norman said.

Annual dairy exports were up by a third and logs by a quarter, while manufactured exports fell 2.2 percent in the year to April. In the nearly six years National has been office, manufactured exports have dropped 3.2 percent in dollar terms and nearly 20 percent in real terms. Elaborately transformed manufactured goods now only comprise 13.7 percent of exports against 18.4 percent when National took office.

“New Zealand should be moving towards a jobs-rich, smarter economy. Instead, the opposite is happening, with ever greater reliance on raw products like logs and milk powder,” said Dr Norman.

“National’s big hope of wealth through oil drilling is failing, according to today’s figures. Crude oil exports fell 19.9% for the year to April. That’s a sad indictment of a failed policy.

“While the 51 percent growth in exports to China is welcome, reliance on one market and a few commodities is dangerous and makes our economy vulnerable to commodity price swings and adverse events like droughts and storms.

"National’s budget showed it has no interest transitioning towards jobs-rich, high value manufacturing. Bill English promised to rebalance the economy towards the tradable productive sector, but these numbers show he is failing.

“A Green government will champion innovation and establish institutions that steer investments towards smart, green technologies - the fastest growing sectors in the world.

“We will back this through initiatives such as the establishment of the Green Investment Bank,” Dr Norman said.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Digital Evolution: Scoop Independent News Launches "Operation Chrysalis"

From today Scoop is beginning a process of public consultation with the political, business and civil society groups it has served for the past 15 and a half years.

"It is hoped that in time - with new leadership and increased community engagement - the chrysalis will incubate a new kind of Scoop, one which can sustainably continue Scoop's Mission 'to be an agent of positive change'", says Scoop Founder, Editor and Publisher Alastair Thompson.

"As big publishing shrivels, public participation in contributing and spreading news has grown. Scoop has evolved with this wave by providing an independent platform, committed to upholding democracy, providing a voice to all, and providing the public easy access to information about decisions which affect them." More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news