Board of Trade responds to binding arbitration for ports

For Immediate Release

VANCOUVER, B.C. — The Greater Vancouver Board of Trade’s President and CEO, Bridgitte Anderson, made the following statement:   

“Businesses across Greater Vancouver and Canada are relieved to see our ports and supply chains returning to normal.

The economic toll of the fourth major disruption to our supply chains has been severe. As of this morning, our Port Shutdown Calculator estimated $6.1 billion of trade was disrupted in B.C. ports alone, with impacts rippling across key sectors nationwide – including manufacturing, retail, critical minerals and other essential services Canadians rely on. We call on all parties to expedite a return to normal operations to allow goods to flow and to stop further economic harm. 

Given the shifting dynamics of global trade, it is clear a new ‘Team Canada’ approach is required. We need stability in our supply chains to drive economic growth and create well-paying jobs. We urge the federal government and the Industrial Inquiry Commission to examine the underlying structural issues behind these disruptions, evaluate the far-reaching economic harm that disruptions cause, and identify innovative tools to provide lasting certainty for our supply chains and the public interest.”

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About the Greater Vancouver Board of Trade:

Since its inception in 1887, the Greater Vancouver Board of Trade has been recognized as Western Canada's leading business association, engaging our members to inform public policy at all levels of government and empowering them to succeed and prosper in the global economy. With a Membership whose employees comprise one-third of B.C.'s workforce, we are the largest business association between Victoria and Toronto. We leverage this collective strength, facilitating networking opportunities, and providing professional development through unique programs. In addition, we operate one of the largest events platforms in the country, providing a stage for national and international thought leaders to enlighten B.C.'s business leaders.

Media contact:

Federico Cerani
Communications Manager
Greater Vancouver Board of Trade
604-640-5450 | media@boardoftrade.com