Alberta axes 3 trade offices to save $3.1M, will continue focus on Asian markets

Alberta is pulling back on its foreign trade offices to save money and focus on emerging markets in Asia.

EDMONTON — Alberta is pulling back on its foreign trade offices to save money and focus on emerging markets in Asia.

Premier Jim Prentice says the Ottawa, Chicago, and Munich offices will be closed and planned offices in San Francisco and Brazil will not go ahead.

Prentice says the moves will cost six jobs and save $3.1 million.

The province will still run offices in India, Singapore, Japan, South Korea and three in China.

Prentice says he never understood why the Ottawa office was needed and adds he never met anyone there when he was a federal cabinet minister.

The decision cuts 20 per cent from the offices’ $15-million budget.

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