The province is hoping to create more opportunities for Alberta businesses through a new collaboration with the Vancouver Fraser Port Authority.
Alberta businesses exported $7.86 billion worth of goods through Vancouver’s port in 2015, including more than $2.9 billion to China and $1.37 to Japan, the province said in a Thursday release.
The government said it has signed a memorandum of understanding that gives Alberta improved market access to Asia and other world markets through the port, which is Canada’s largest marine export point. It facilitates trade with more than 170 world economies.
“Alberta exports to China increased 16 per cent last year and our businesses have room to continue growing. The Port of Vancouver is Alberta’s best connection to Asia,” Minister of Economic Development Deron Bilous said.
“We are a trade province and making it easier for our businesses to export their products around the world creates jobs and diversifies our economy here at home.”
The initiative is the latest in a suite of programs that support Alberta exporters.