Tag: Business Confidence

Nikkei Conference: NZ’s Response to the Trade Challenge

Speech – New Zealand Government Nikkei Conference: New Zealands Response to the Trade Challenge Mr Chairman, thank you for your introduction and for the opportunity to be here today as the Government representative for New Zealand. Like everyone in this room, New Zealand has a stake …Hon Paul Goldsmith Minister of Commerce and Consumer Affairs 30 May 2016 Speech Nikkei Conference: New Zealand’s Response to the Trade Challenge Mr Chairman, thank you for your introduction and for the opportunity to be here today as the Government representative for New Zealand. Like everyone in this room, New Zealand has a stake in the future of Asia. In the past half-century, we have transitioned successfully from being an exporter of farm products dependent on European markets, to being a more diverse economy increasingly integrated into the dynamic Asia-Pacific region. This transition would not have been possible without the growth and development of Asia over that period – in other words without the Asian miracle. Today, seven of our top ten markets are in Asia; we host over three-quarters of a million Asian visitors every year; and almost one in eight New Zealanders can claim Asia as a place of birth or ancestry. So the future of Asia is our future too. Japan was our first major economic partner in Asia and that relationship remains strong and important to this day. Today’s...

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Broad support for TPP from SMEs

Press Release – MYOB Boost for free trade supporters on eve of legislative debate with SMEs also favouring more trade agreementsBroad support for TPP from SMEs Boost for free trade supporters on eve of legislative debate with SMEs also favouring more trade agreements With debate on legislation to enable the Trans-Pacific partnership due to kick off in parliament tomorrow, a new survey released by accounting software developer MYOB shows a majority of businesses in New Zealand support the 12-nation trade deal. In an additional boost to the backers of free trade, 45 per cent of business operators said they favour New Zealand pursuing more free trade agreements (FTAs) with international trading partners. The latest MYOB Business Monitor research of more than 1,000 SMEs across New Zealand, conducted for MYOB by Colmar Brunton, showed that more than one third of local businesses (36 per cent) said they favoured staying in the TPP. Just a quarter of business owners said New Zealand should pull out of the deal, while 39 per cent said it would not affect their vote. MYOB New Zealand General Manager James Scollay says local SMEs clearly see that the benefits of international trade opportunities outweigh the opposition that has surrounded the TPP. “Overall, we see strong support in the survey for the Government continuing to pursue free trade agreements internationally,” says James Scollay. “At the same time,...

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Pre-Budget Speech to Business New Zealand event

Speech – New Zealand Government Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 Its good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This years Budget will …Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 It’s good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This year’s Budget will be delivered against a backdrop of a growing economy, supported by strong levels of tourism and migration, a large pipeline of construction projects and low interest rates. Notwithstanding challenges in the dairy industry, most New Zealand forecasters are predicting growth of around 3 per cent on average over the next few years. That’s a good position for the country to be in. In fact, over the last five years New Zealand has had one of the fastest growth rates in the OECD. However, nothing is guaranteed. There are always risks, and at the moment these revolve around issues like the ability of China to smoothly negotiate its economic challenges. On the other hand, the economy could do better than forecast. That’s why the Government takes a medium-term approach to fiscal policy, looking through ups and downs and focusing on the...

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Speech to the Auckland Chamber of Commerce

Speech – New Zealand Government Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event.Hon Bill English Minister of Finance 25 February 2016 Speech to the Auckland Chamber of Commerce and Massey University Good afternoon. Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event. It’s a pleasure to be here again. Today I want to take you through some of our initiatives through to 2017. I can tell you there is no letup in pace this term – we’ve got a busy policy programme, and there is much to do. I also want to share with you some of our longer term thinking, particularly with ongoing reform of urban planning and the Government’s finances. Economic Outlook But first I’d like to talk about the current economic outlook. There are positive signs despite international turbulence. The last decade has been challenging for New Zealand businesses. They’ve weathered the global financial crisis, Canterbury earthquakes, interest rates higher than the rest of the developed world, and a high New Zealand dollar. Initially the response was around resilience. Businesses and households tightened their belts and became more efficient. That was also the case for the Government. Spending was constrained to turn an $18.4 billion deficit in 2011 into...

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Survey finds 40% of New Zealand CEOs very confident

Press Release – PwC Survey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this yearSurvey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this year Findings from PwC’s New Zealand CEO Survey, released today, show New Zealand CEOs are less positive about the outlook for the global economy than they were last year, but remain optimistic about their own business growth. The report shows only 23 per cent believe the global economy will improve this year which compares to last year’s more confident 47 per cent. More than half of New Zealand CEOs believe the global economy will stay about the same this year. Despite the more challenging outlook for the global economy, 40 per cent of New Zealand respondents are very confident about their company’s growth prospects in the coming year and an additional 51 per cent are somewhat confident. PwC New Zealand Chief Executive Officer Bruce Hassall says that the outlook for New Zealand may prove to be more resilient than many currently believe. “Given the wide-ranging uncertainties CEOs are facing – cyber security, over-regulation, geopolitical stability – it’s easy to see why they’re divided about whether there are more threats or opportunities today. But it’s not all doom and gloom. Kiwi organisations are remaining optimistic about their own...

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