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

 


Exports continue to pick up

MEDIA RELEASE

8 October 1999

Exports continue to pick up

Treasurer Bill English said overseas trade data released today showed that exports were picking up in the September quarter.

"The trade deficit rose again on a monthly basis in August. However, this masks a rise in exports. It is encouraging to see the value of exports continuing to rise.

"We need to close the trade deficit. To achieve that, exporters need the support of Government policies that reduce costs and improve productivity, such as the changes to ACC, retaining the Employment Contracts Act, and lower taxes.

"In the June quarter, weak exports were a key factor behind the fall in GDP and the rise in the current account deficit. This latest data is a clear sign that export growth has improved in the September quarter.

"Exports of manufacturing and forestry products have increased from June. In addition, exports of agricultural products are also showing signs of improvement. This is consistent with evidence that the number of livestock killed in September was well up on the record low in June, and with reports from the dairy industry that dairy production will be 10% higher this season than last.

"The outlook for exports is good. The exchange rate is competitive, interest rates are low, and the international economy is picking up which bodes well for commodity prices.

"Other data released this morning, showing increases in the number of jobs being advertised and positive consumer confidence, illustrate that there are reasons to be confident about the economy going forward," said Mr English.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news