The time has come
A few years ago, Winston Peters was talking of the country’s need for a Minister of Racing and I was talking of the country’s need for a Minister of Manufacturing. I wrote about it, received feedback and, guess what?, that ministry has still not happened and is still a no-brainer! Business leaders need to take action about this for the future of the country. *Doug Green, publisher, NZ Manufacturer www.nzmanufacturer.co.nz Andy Bayly, National Spokesperson for Manufaxcturing comments: (In the picture)In July, representatives from the Hutt Valley Chamber of Commerce, local high schools and manufacturers met in Parliament with MP Andrew Bayly (seated, far right). Local MP Chris Bishop is also very supportive of the initiative. -Andrew Bayly, National Spokesperson for Manufacturing and MP for Port Waikato Over the last year, I have met with manufacturers from Whangarei in the north to Dunedin in the south. I have asked them what the Government could do to better support them. National wants to not only support existing manufacturers, but to attract more people into the sector and more manufacturing to New Zealand. We need all parts of our economy firing on all cylinders if New Zealand is going to recover from the current economic crisis quickly. To do so, we must reduce costs for our manufacturers, encourage investment, reduce taxes and make it easier for firms to hire and train new staff. Why manufacturing matters Manufacturing is critical to the New Zealand economy. It represents about 10 per cent of GDP and underpins over half of our exports. The sector employs about 250,000 people, accounting for nearly 11 per cent of all jobs in the economy. Its contribution to R&D is also significant, accounting for 24 per cent of business spending on R&D ($649 million in 2020). This has been achieved against […]