The Canadian government has designated the Vancouver Port expansion project worth 5.9 billion Canadian dollars as a national priority, the Wall Street Journal writes. The initiative will expedite the regulatory approval process and increase the terminal's container capacity by 50%, generating an annual trade turnover of 100 billion Canadian dollars. The decision is aimed at diversifying the economy and reducing dependence on trade with the United States: the state authorities plan to double the volume of exports to other markets by 2035.

The Canadian government has designated the Vancouver Port expansion project worth 5.9 billion Canadian dollars as a national priority, the Wall Street Journal writes. The initiative will expedite the regulatory approval process and increase the terminal's container capacity by 50%, generating an annual trade turnover of 100 billion Canadian dollars. The decision is aimed at diversifying the economy and reducing dependence on trade with the United States: the state authorities plan to double the volume of exports to other markets by 2035.