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

Gordon Campbell: On The Labour/Greens Deal (And The NZDF)

If Labour and the Greens were hoping their Budget Responsibility Rules (BRR) agreement would foster an unlikely alliance then hey… mission accomplished! Because it isn’t every day that Sue Bradford, the CTU and Matthew Hooton speak with one voice, as happened yesterday.

Unfortunately though, it’s hard to see how the BRR agreement will work to the advantage of Labour and the Greens in the context of the 2017 election campaign. More>>

 

Until After The Election: Extension Of Report-Back Date For Havelock North Inquiry

Attorney-General Christopher Finlayson announced today that the report-back date for the independent Inquiry into Havelock North Drinking-Water has been extended at the request of the Inquiry’s Panel. More>>

ALSO:

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

OutsKey: John Key's Valedictory Speech

I rise to address this House for the very last time. It has been a huge privilege to have served the people of Helensville as their member of Parliament, and, of course, the people of New Zealand as their Prime Minister. More>>

ALSO:

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news