NZ Forest Industry Heading for a Crash

new-zealand-first-party

Wed Jul 27 2016 12:00:00 GMT+1200 (New Zealand Standard Time)

NZ Forest Industry Heading for a Crash

Wednesday, 27 July 2016, 9:16 am
Press Release: New Zealand First Party

Rt Hon Winston Peters

New Zealand First Leader

Member of Parliament for Northland
26 JULY 2016

New Zealand’s third largest export earner, forestry, is heading for a major crash unless steps are made to restrain the excessive exporting of raw logs, says New Zealand First.

“The growth of unprocessed log exports, mainly to China, has got out of control and it is destroying any chance of growth to the value added sector here in New Zealand,” says New Zealand First Leader and Northland Member of Parliament Rt Hon Winston Peters.

“Today we have no control, no laws, and no careful and astute management of one of our greatest resources.

“Instead we’re reaching a level where our forests are being plundered.

“In 2000 the amount of raw logs exported was 5806 cubic meters – in 2011 it was up to 11,679 and it has stayed in this excessive range ever since – last year it was 16,099 cubic meters.

“We are now clear felling and harvesting too early. Forest owners, the foreign companies, in the carbon price slump, are more interested in quick profit.

“Eight of the top 10 forest companies in New Zealand are overseas controlled.

“Other private companies and iwi are also caught up in this short term profit frenzy.

“Log exports are needed for our economy, especially of our lower quality product, but not at the current excessive and unsustainable rates and to the detriment of processors and sawmills.

“At all of our major New Zealand ports you can see raw logs stacked high waiting to be exported – every day of the year ships are calling and taking our logs to overseas markets at a rate that is utter madness.

“When those ships leave – they take billions of dollars of added value and thousands of jobs that should be kept here in New Zealand,” Mr Peters says.

Full speech to Wood Processors and Manufacturers’ Association

ENDS

Advertisement - scroll to continue reading

a.supporter:hover {background:#EC4438!important;} @media screen and (max-width: 480px) { #byline-block div.byline-block {padding-right:16px;}}

Using Scoop for work?

Scoop is free for personal use, but you’ll need a licence for work use. This is part of our Ethical Paywall and how we fund Scoop. Join today with plans starting from less than $3 per week, plus gain access to exclusive Pro features.

Join Pro Individual Find out more

Find more from New Zealand First Party on InfoPages.