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Saskatchewan Sets Records in Merchandise Exports

Written by Shanna Empey on Monday, 09 March 2015

Figures released by Statistics Canada last week indicate the value of Saskatchewan’s merchandise exports have set records among the provinces.

Merchandise exports increased from $2.5 billion in January of 2014, to $2.8 billion to January of this year, which is the highest level ever recorded for January in the province.

Minister Responsible for Trade, Jeremy Harrison, says this kind of continued growth is enabled by our well diversified economy and driven by the competitiveness and innovation of our people.

“The major increases we’ve seen in metallic and non-metallic mineral products, and those are manufactured items, they’re things like glass, clay, concrete products, that sort of thing, that increased by nearly 750% January-over-January, so it’s a huge increase. We’ve seen increases in metal ores and non-metallic minerals, which is potash and uranium,” he said. “We are the number one jurisdiction in Canada as ranked by the Fraser Institute in terms of our ability to work with mining companies and others to extract those metal ores and non-metallic minerals, so that’s definitely a reflection of the increase I think seeing that increase by nearly 50% over the last year.”

Other major increases included basic and industrial chemical, plastic, and rubber products which was up 75.6%.

“We want to help sustain this growth by working to create the best business environment possible, and then stepping out of the way to let entrepreneurs and business people lead the way in terms of, whether it be merchandise exports or manufacturing exports, we want to create that positive environment and then let others do what they do best,” Harrison added. “We’re going to continue to do that, and help sustain this growth and activity by keeping taxes low and balancing budgets. Those are the things the Government should be doing and that we’re going to continue to do.”

Saskatchewan ranked fourth among the provinces for growth, posting an increase of 14.1% year-over-year.

via Local News

Saskatchewan Sets Records in Merchandise Exports Economic Development  Exports

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