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


NZ's Trade Crisis Lesson For APEC Visitors

Confirmation today of New Zealand's worst ever trade deficit continues to highlight the failure of National and Labour's free market policies, says the Green Party.

Statistics NZ announced a $1.636 billion deficit for the year to June - NewZealand's fifth consecutive deficit.

"The Government must be having second thoughts about hosting APEC, because foreign leaders will be taking a close look at the New Zealand experiment," said Green Party Co-Leader Rod Donald.

"What they will find is a lopsided economy with imports of cars and consumer good srunning out of control while export receipts continue to decline.

"The Green Party believes we must reduce our dependence on imports instead of pinning all our hopes on increasing exports," he said.

"A deliberate strategy of import substitution would not only get our trade balance out of the red and back in the black, but it would also create desperately needed jobs for New Zealanders.

"Clearly it will take a change of government to bring about some common sense on New Zealand's trade crisis," said Rod Donald.

"Meanwhile, I hope any APEC countries which are contemplating removing all their domestic protections will learn some lessons about the damage such moves can inflict on a small economy," Rod Donald said.


© 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