Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Manufacturing Matters to New Zealand - 17 April

Manufacturing Matters to New Zealand - 17 April


The Labour Party announcement today recognises the simple truth that the manufacturing sector really matters to New Zealand’s economy as a whole, based on the part manufacturing plays in the growth of the added value element in the tradable sector, driving the development of complex supply chains, skills and well paid jobs; say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive John Walley says, “A large number of manufacturers gave evidence to the Manufacturing Inquiry last year and seeing that turn into solid policy upgrades from Labour is really encouraging, as is the acknowledgement that current settings are not working.”

“We hope to see more solid policy announcements from the other participants in the Manufacturing Inquiry. The broader the consensus the better, more manufacturing means better jobs and higher wages and a balanced current account.”

“We heard from David Cunliffe and David Parker on the core themes of Investment, Innovation and Industry, and these ring true. Having decided what outcomes are desirable, the policy settings to encourage those outcomes follow. What was presented was logical, coherent and above all will be welcomed by manufacturers and the people they employ.”

“The policies outlined in the Labour Manufacturing Economic Upgrade include accelerated depreciation, research and development tax credits, changes to Government procurement, monetary policy reform to tackle our overvalued exchange rate and the end of the capital gains tax exemption – this really does tick all the boxes on our major wish list for policy change, changes we have been promoting for a decade.”

“These policies will help level the playing field for exporters and import competing manufacturers, who must compete on the world stage. They will also go a long way to balance investment incentives away from property speculation and towards the productive economy, which all are important to the growth of the economy and well paid employment.”

“Those outside of the manufacturing sector may wonder, why the fuss about manufacturing? The answer is that manufacturing is the prime mover and value adding mechanism for any economy, and is important for fostering innovation, creating high paid jobs and improving productivity. Every job in manufacturing supports more jobs in the wider economy.”

“It is worth noting that an OECD report released recently by the Productivity Commission examined why New Zealand’s productivity lags below OECD averages, and even further below our potential. They estimate a large part of this is due to distance, a fact of life; the other was our low investment, particularly in research and development of “knowledge based capital”. In our view the policies now promoted by Labour will go a long way to doing more of what is possible in lifting productivity in the traded sector and the wider economy.”

Comment from NZMEA President Brian Willoughby can be found here.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Politics
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news