The High Kiwi Dollar is of real concern to the Taranaki economy. Taranaki reallies heavily on export driven industries. Fonterra Fitzroy Engineering Fitzroy Yachts Yarrows and Taranaki Sawmills to name a few. That employ large numbers of Taranaki labour that are heavily reliant on their export markets to be viable. If the Kiwi Dollar stays at its high levels of around 74 cents to the US Dollar or higher as some have predicted. The Taranaki economy will soon change overnight, these industries will no longer be able to compete in the world markets, having a domino effect though out the region. If this is not a concern to some it should be.The farming industry alone is Taranaki,s only major economic base to which the whole region depends on.
Rusty Kane NZ
