Strengthening Alberta’s Global Trade and Investment Presence

Issue: 

Alberta’s economy is heavily reliant on international trade, yet global economic shifts, emerging markets, and increasing competition have underscored the need to strengthen the province’s trade presence and investment attraction strategies. Without enhanced support for exporters and targeted international missions, Alberta risks losing its competitive edge in global markets, leading to missed opportunities for economic growth, diversification, and job creation. 

Background: 

Alberta’s economic prosperity is deeply intertwined with its ability to compete effectively in the global market. In 2022, the province’s international exports totaled approximately $130 billion, with critical sectors such as energy, agriculture, and technology driving this growth. These industries not only bolster Alberta’s economy but also position it as a vital player in Canada’s overall trade portfolio.

Our Recommendations        

    1. Enhance international trade missions by targeting emerging markets in Asia, South America, and Africa, focusing on energy, agri-tech, and digital innovation;

    2. Attract more foreign investment by offering incentives in renewable energy and advanced manufacturing; and,

    3. Ensure alignment with federal trade activities and trade agreements.