Under our Business Growth Agenda the Government has a specific goal of lifting our exports to 40% of GDP by 2025.  We are investing a further $100 million a year over the next four years as part of our Internationally Focussed Growth Package.”

To meet the target of 40% by 2025, the value of New Zealand’s exports will need to double. This requires nominal export growth on average of between 6.7 per cent and 7.6 per cent per year to 2025.  Our nominal exports of goods and services has been growing by a compound annual average of 4.6% in the last four years.

This is a promising start given the on-going headwinds internationally from the Global Financial Crisis and the high New Zealand dollar.

Finally, the weather held off for another Southland success at the weekend in the Bluff Oyster Festival.  Congratulations to all concerned.