The New Zealand Productivity Commission has released its final findings into international freight services and says although the sector is performing well, there is scope for improvement, which would help lift New Zealand’s living standards.
Commission Chair Murray Sherwin says, “New Zealand’s economy is very sensitive to international freight costs. Our standard of living is affected by these costs because they are built into the prices we pay for everyday imported goods, and have an impact on the prices our exporters receive for the goods they sell.”
“In total, we pay about $5 billion a year in freight costs. In 2010, that was about 2.7% of our GDP.”
In its final report released today the Commission has made a number of recommendations for improvement:
The Commission has presented its findings to Government. See the final report and summary materials on this page.
December 2012: The Government's response to the inquiry.