Parliament

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

 

Opposition determined to manufacture a crisis

Hon Steven Joyce
Minister for Economic Development

17 June 2013

Opposition determined to manufacture a crisis

The Opposition’s so-called ‘Manufacturing Crisis’ inquiry remains nothing more than a failed political stunt with a bunch of re-tread solutions and a lack of knowledge of the measures the Government is already implementing, Economic Development Minister Steven Joyce says.

“Labour, the Greens, New Zealand First and Mana are determined to manufacture a crisis in manufacturing. The massive problem for them is that while individual firms face real challenges at different times, no crisis exists,” Mr Joyce says.

The latest BNZ-BusinessNZ performance of manufacturing index released on Friday indicates the New Zealand manufacturing sector is now expanding at its fastest rate since 2004, and at one of the highest rates across the world.

“The PMI highlights the results that New Zealand businesses are starting to see from the hard work they are putting in and the support they are getting from the Government. Companies are responding magnificently to the challenges of the high dollar and the GFC, and taking advantage of the opportunities that exist internationally,” Mr Joyce says.

The Government has provided $742 million over the last four years in co-funding to directly assist New Zealand exporters to grow and compete in international markets.

This co-funding includes $332 million for business research and development from the Science and Innovation Budget; $325 million more allocated under the Primary Growth Partnership; and $85 million from New Zealand Trade and Enterprise’s International Growth Fund.

“There is no doubt world economic conditions following the Global Financial Crisis have been challenging for some New Zealand firms. The role of Government is to do things that help make our firms more competitive and that’s what our Business Growth Agenda is all about,” Mr Joyce says.

"This Government has so far done more than any other to assist firms to grow and compete successfully on the world stage. As a result of Budget 2013, that support for R&D and market and firm development will reach in excess of $250 million of additional support each year, meaning a total of $1 billion over the next four years.

“The Government is establishing Callaghan Innovation to be a hi-tech HQ for business R&D and we are investing hundreds of millions annually in business R&D across all export-focused sectors, including food and beverage manufacturing, digital technologies, health technologies, hi-tech manufacturing, and agri-technologies."

Other changes include the recently announced comprehensive reforms of Government procurement to make it easier for small and medium-sized Kiwi companies to win business, new investments in incubator funds for start-up companies, and more support for the New Zealand Venture Investment Fund.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 

Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>


Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels