International Trade
International commerce and trade is a key sector for Vancouver's economy. The city has Canada's largest port and is one of North America's major gateways for pan-Pacific trade. The Port of Vancouver ranks first in North America in total foreign exports and second on the west coast in total cargo volume. The Port of Vancouver is Canada's largest and most diversified port, trading more than $43 billion in goods with more than 90 trading economies annually. Port activities generate 69,200 jobs in total with $4 billion in gross domestic product and $8.9 billion in economic output.
Vancouver's central area has 60% of the region's office space and is home to headquarters of forest products and mining companies as well as branches of national and international banks, accounting and law firms. In recent years, Vancouver has expanded as a centre for software development and biotechnology, while film studios and the streets provide a backdrop for the developing film industry. Two of the Port of Vancouver's container docks are located in the city. The Fraser river has barge and log traffic serving forestry and other water related industries. Around 1,800 acres (7.3 km2) of industrial land provide an important range of support services, manufacturing and wholesale premises for businesses throughout the city and region.
Read more about this topic: Economy Of Vancouver
Famous quotes containing the word trade:
“With respect to a true culture and manhood, we are essentially provincial still, not metropolitan,—mere Jonathans. We are provincial, because we do not find at home our standards; because we do not worship truth, but the reflection of truth; because we are warped and narrowed by an exclusive devotion to trade and commerce and manufacturers and agriculture and the like, which are but means, and not the end.”
—Henry David Thoreau (1817–1862)