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


Trade can help economy rebound, rebuild and recover

Hon David Parker
Minister for Trade and Export Growth


Trade can help New Zealand to rebound, rebuild and recover from the COVID 19 pandemic, Minister for Trade and Export Growth David Parker said.

“Trade alone can’t deliver the recovery but it is crucial to our economy, with one in four New Zealanders’ jobs dependant on trade.

“We’re taking steps to support the health response to COVID-19 that support exporters and that will help New Zealand rebuild and recover in the medium term.’

They include the recently-announced commitment, alongside Singapore, G20 members Canada and Australia, and a number of other nations to keep trade open, especially in medical supplies and equipment and other essential services, as some countries implement protectionist measures, David Parker told the Epidemic Response Committee today.

New Zealand and Singapore took that a step further yesterday, with an initiative to drop tariffs on a range of essential goods and medical supplies and expedite trade in essential medicines and other products needed as part of the COVID-19 response.

Other steps include the rescue of Air NZ with a loan facility worth $900m, which includes measures to secure freight links with important markets, and funding of more than $300m to support and maintain freight links.

“Right now our focus is on keeping trade flowing and maintaining critical supply chains to ensure New Zealanders have access to the essential goods they need – including medicine and PPE - and keeping New Zealand goods flowing to our trading partners,” David Parker said..

“Global cooperation – not national protectionism - is the best way to address this global challenge.

“We’re supporting exporters to meet the new challenges they are facing and continuing work on further trade deals. During the lockdown New Zealand and the EU have held a round of FTA ‘virtual negotiations’ by video conferencing.

“These are challenging times for trade. The World Trade Organisation’s Forecast, released on 8 April, predicts world goods trade will fall by between 13% and 32% in 2020.

But Australia and New Zealand’s exports are forecast to decrease by between 6.4% and 15.6% in 2020, because of the proportion of our exports that are agriculture and processed food, which are expected to decrease by less than manufactured products and services with international tourism, transport and education particularly hard hit.

Our overall goods exports, concentrated in the primary sector, were in fact 2% higher in March 2020 than in March 2019. Dairy exports were up 7%, meat exports 10% and seafood exports 7%, though forestry exports were down 36%.

A 2021 recovery in global trade is predicted, but depends on the duration of the virus outbreak and the effectiveness of WTO members’ policy responses.

There is also potential for trade disruption as a result of global supply chain or shipping disruption, including increased freight costs, and from protectionist subsidies by overseas governments.

“Trade links are central to New Zealand’s ability to address COVID-19, and for us to flourish as we recover from its impact on our people and our economy. Our exports and our broad trade agenda are central to that recovery,” David Parker said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Not Buying What Todd Muller Is Selling

Chloe Swarbrick is number three in the Greens Party list released this morning. Todd Muller has released his new party line-up today, which will excite everyone who still wants to know what Gerry Brownlee and Judith Collins will be up to in future. Wider point being : Swarbrick is a household name after three years in Parliament, and has been steering our cannabis laws towards a national referendum at this year’s election. Todd Muller has spent twice as long in Parliament as Swarbrick and yet – until last week – no one beyond his immediate family and friends had ever heard of him... More>>


National: "Todd Muller Announces Shape Of Next Government"

National Party Leader Todd Muller has announced the line-up of the next Government. “New Zealand is facing perhaps the toughest time that almost anyone alive can remember. “We are borrowing tens of billions of dollars to get us through this crisis. There ... More>>


Lockdown Rules: Timeline For Moving To Level 1 Needed

The BusinessNZ Network is calling for more clarity about the conditions under which businesses can move to Covid level 1. The network is concerned about large numbers of businesses that are at risk of closure if restrictions continue at the current ... More>>

Gordon Campbell: On National’s Day Of Reckoning

Congratulations. You are one of the 55 members of the National caucus being called together tomorrow to choose who will lead you to either (a) catastrophic or (b) honourable defeat on September 19, thereby saving some (but not all) of the jobs currently on the line. Good luck. Your decision process starts NOW... More>>


Budget 2020: Jobs Budget To Get Economy Moving Again

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. More>>


Covid-19 Response: Law Setting Up Legal Framework For Covid-19 Alert Level 2 Passes

The law establishing a legal framework for the response to Covid-19 has passed its final reading and will become law in time for the move to Alert Level 2 tonight.
This is a bespoke Act designed specifically to stop the spread of COVID-19... More>>


ACT: Parliament Quits MP Cut Pay Debate To Go Home Early

“In an outrageous move, Parliament has today passed voluntary MP pay cuts and avoided any debate over whether to make them compulsory and transparent”, says ACT Leader David Seymour.... More>>


Trans-Tasman Bubble: PMs Jacinda And Morrison Announce Plans

Australia and New Zealand are committed to introducing a trans-Tasman COVID-safe travel zone as soon as it is safe to do so, Prime Minister Rt Hon Jacinda Ardern and Prime Minister the Hon Scott Morrison MP have announced... More>>


Government: New Zealand Joins Global Search For COVID-19 Vaccine

Foreign Affairs Minister Winston Peters, Research, Science and Innovation Minister Megan Woods, and Health Minister David Clark today announced a COVID-19 vaccine strategy, which will enable New Zealand scientists to contribute to global research efforts ... More>>


The Dig: Steady State Economics: We’ve Got Some (systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world.

In short, we’ve got some systems thinking to do... More>>


Election 2020: Parties Get Into gear

The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. Using the most democratic list ... More>>


Insight Into Regenerative Agriculture In New Zealand

There is a fast growing movement in New Zealand that has been happening out in paddocks, fields, gardens and hill country across the nation. It is a movement that holds the promise to reshape our productive land use industries towards systems that work with the natural environment to regenerate the land. The movement is that of regenerative agriculture. More>>


Covid-19: Tracer App Released To Support Contact Tracing

The Ministry of Health has today formally released the NZ COVID Tracer app to support contact tracing in New Zealand. Kiwis who download the app will create a digital diary of the places they visit by scanning QR codes displayed at the entrances to ... More>>


Gordon Campbell: On The Dodgy Politics Of Easing Level 3

As countries around the world tentatively emerge from lockdown, a lot of political noise is being generated by politically-driven arguments that (a) the safeguards need to be lifted faster and (b) the lockdown itself was an over-reaction likely to leave lasting economic damage in its wake... More>>


Govt: Concern At Introduction Of National Security Legislation For Hong Kong
Foreign Affairs Minister Winston Peters says the New Zealand Government has reacted with concern at the introduction of legislation in China’s National People’s Congress relating to national security in Hong Kong... More>>






InfoPages News Channels