Ottawa Opening Exports Office as Part of Strategy to Diversify Trade
The office will coordinate export deals and support sectors such as aerospace and defence as Ottawa seeks to double non-U.S. exports.
- Prime Minister Mark Carney expressed support for the Port of Vancouver's Roberts Bank Terminal 2 expansion while touring Global Container Terminals' Deltaport facility in Delta on Thursday.
- Canada must expand port capacity and connected infrastructure to increase trade with Asian countries while moving exports away from the United States, Carney said, to meet Ottawa's economic growth goals.
- The federal government intends to invest more than $10 billion to expand the port, enabling $100 billion in new trade capacity annually while creating over 18,000 construction jobs and 17,000 full-time operational positions.
- Transport Minister Steven MacKinnon announced Ottawa is referring the plan to the Major Projects Office, which will immediately begin consulting with Indigenous communities regarding the expansion.
- Environmentalists have long opposed the expansion, citing threats to endangered southern resident killer whales; Ottawa has committed funds for whale and Pacific salmon protection as part of the proposal.
39 Articles
39 Articles
Carney touts BC port expansion plan to strengthen independence, diversify economy
The prime minister's visit came two weeks after Transport Minister Steven MacKinnon held a news conference at the Roberts Bank port to announce that Ottawa was referring the expansion plan to Canada's Major Projects Office for possible fast-tracking.
The federal government is setting up a new strategic export office as part of its trade diversification plan.
BUA commits $85m in P’Harcourt ports expansion project
BUA Group commits $85m to expand its Port Harcourt Ports and Terminals facility, aiming to handle over two million tonnes of raw materials annually for BUA Read More: https://punchng.com/bua-commits-85m-in-pharcourt-ports-expansion-project/
Carney touts B.C. port expansion plan to strengthen independence, diversify economy
Prime Minister Mark Carney is backing a proposal to expand a major port facility in Metro Vancouver, saying its existing capacity won't be enough to meet Ottawa's goals for growing and diversifying the economy over the next decade.
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