A bold alliance named the Western Business Coalition has emerged, formed by the Business Council of British Columbia, Alberta, Saskatchewan Chamber of Commerce, and Manitoba’s Business Council. Their shared mission is to unlock Canada’s economic potential through the wealth of natural resources and trade. They emphasise that, despite Canada’s abundant resources, federal policies have hindered growth, imposing a complex regulatory framework that stifles global exports across key sectors such as energy and agriculture.
The coalition is launching a significant initiative focused on natural resources, aiming to provide actionable recommendations and elevate public awareness about the sector’s vital contribution to the economy. They will also tackle Canada-U.S. trade policies and seek to reduce interprovincial trade barriers, enhancing economic fluidity across borders.
Within this framework, the coalition identifies five pivotal areas for improvement. First, they will enhance the global competitiveness of the oil and gas industry to secure new market access. Secondly, they are committed to ensuring Canada remains a dominant agricultural force while championing sustainable practices. Thirdly, they will drive the production of critical minerals necessary for clean technology and national security.
Moreover, responsible management in forestry is on the agenda to boost global trade opportunities, alongside supporting the aquaculture sector to cater to the increasing seafood demand. With the collaboration of prominent leaders from each council, tailored recommendations will culminate in a robust strategy prioritizing economic growth, reconciliation, innovation, and necessary regulatory updates.
The Western Business Coalition unifies key councils from British Columbia, Alberta, Saskatchewan, and Manitoba to unlock Canada’s economic potential through natural resources. They aim to tackle regulatory hurdles, enhance competitiveness in five sectors: energy, agriculture, mining, forestry, and aquaculture, thereby fostering growth and innovation across the economy via strategic recommendations.
In summary, the formation of the Western Business Coalition signifies a strategic manoeuvre to amplify Canada’s economic standing by leveraging its vast natural resources. Their focus on crucial areas such as energy, agriculture, and aquaculture aimed at enhancing global competitiveness and reducing trade barriers promises a revitalised approach to harnessing the country’s economic prowess. This initiative is essential for positioning Canada as a leader in sustainable resource management and economic resilience.
Original Source: canada.constructconnect.com
