Canada’s Trade Policy Changes: New Opportunities for Vietnamese Exports.

The year 2024 marks a significant step forward in Vietnam-Canada trade relations. Export turnover reached $10.6 billion, an 8.2% increase from the previous year and breaking the $10 billion threshold for the first time. Particularly in Q4, import-export services recorded a dramatic growth of approximately 20% compared to the beginning of the year, reaching $570-590 million per month.#Vietnam Freight forwarder#freight forwarding#cargo courier service#international shipping companies#shipping service company

This success has been greatly supported by the logistics transportation industry, helping Vietnam maintain its position as Canada’s 7th largest import partner and the most important in ASEAN, accounting for nearly 45% of Canada’s imports from the region. Many key export items recorded impressive growth thanks to efficient international shipping services, including reactor equipment (up 90%) and computers (up 35%).#Vietnam Freight forwarder#freight forwarding#cargo courier service#international shipping companies#shipping service company

In 2024, fruit and vegetable exports to Canada increased by 44%.

Traditional industries also achieved double-digit growth including textiles (10%), footwear (16%), seafood (22%), and wood products (22%). Maritime shipping has effectively supported agricultural exports with positive results: cashew nuts increased by 21%, coffee by 16%, fruits and vegetables by 44%, and pepper by up to 81%.

Notably, steel and steel products have also seen significant recovery through export entrustment activities, with common metals increasing by 25% and steel products by 30%. This shift is largely due to Canada’s tariffs on all steel imports from China.#freight delivery service#freight and logistics companies

2025 promises new opportunities as Canada plans to eliminate domestic trade barriers. According to Ms. Tran Thu Quynh, Trade Counselor in Canada, this policy will help Vietnamese goods save costs as provinces will mutually recognize imported goods without requiring additional requirements.#logistic service#freight and logistics services#logistic service

However, businesses should be aware of Canada’s trade defense measures. Recently, import services have faced high anti-dumping duties from the Canada Border Services Agency (CBSA): 37.4% for oil pipes and 179.5% for upholstered seats due to insufficient information provided.

Forwarding companies should also pay attention to Canada’s new administrative process for reviewing normal and export values, w#hich will occur more frequently (annually instead of every 3-5 years). Additionally, the “Buy Canadian” campaign could benefit businesses if they effectively leverage the cumulative rules of origin principle in CPTPP.#logistic service#freight and logistics services

To take advantage of these opportunities, export services and imporvrt entrustment should guide businesses to incorporate materials from CPTPP member countries into final goods to be recognized as regional products, thereby exporting at 0% tariff. At the same time, companies should enhance product promotion and maintain transparency regarding the origin of input components.#local agent#customs broker#combined truck#crostrade#cfs warehouse#non commercial#cargo#no permit

Please don’t hesitate to contact if you have anymore questions!
        Mr. Jimmy
General Manager TPG
 (+84)-(0)903917505