Growth of trade
(N.Z. Press Association)
WELLINGTON, July 21. The growth in New Zealand’s trade last year was "slightly in excess of 11 per cent,” compared with a world average of 14 per cent, the Minister of Overseas Trade (Mr Marshall) said in reply to a question from Mr J. M. Rose (Nat., Otago Cen-
Mr Marshall said that there were a number of specific problems in relation to New Zealand.
"Our trade is mainly agricultural,” he said. “Wool prices were depressingly low, and the terms of trade were moving against us as inflation put up the price of our imports.” In reply to a supplementary question from Dr A. M. Finlay (Lab., Henderson), Mr Marshall said the percentages he had given were in terms of value, not volume. Of the 14 per cent figure for world trade, about 7 per cent was the result of inflation, he said, and the proportion of the New Zealand figure would be comparable. New Zealand’s volume of exports rose by 6 per cent, and imports by 15 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19710722.2.133
Bibliographic details
Press, Volume CXI, Issue 32665, 22 July 1971, Page 17
Word Count
176Growth of trade Press, Volume CXI, Issue 32665, 22 July 1971, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in