New Zealand innovation and high value despite obstacles

摘要

Recent years have been particularly challenging for many New Zealand foundries due to compounding adverse environmental conditions. New Zealand central government set a path a number of years ago to eliminate domestically imposed tariffs. In addition over recent years New Zealand has maintained an interest rate among the highest of the developed economies with the consequence of an over inflated currency cross rate against those of its major trading partners. New Zealand metal casters' markets have steadily dwindled as the remnants of the country's small automotive sector slowly diminished to insignificance and as much of the domestically produced commodity style cast product has progressively been replaced by more competitively priced equivalents imported from the developing countries.