Disseminate legal knowledge, promote export of goods to the Canadian market

Updated date: 03/19/2025 09:21:44

DTO - On March 19, the Department of Industry and Trade held a conference on "Disseminating legal knowledge in the Trans-Pacific Partnership Agreement (CPTPP) to promote the export of goods to the Canadian market". Representatives of relevant provincial departments, specialized departments under district-level People's Committees, business associations, industry associations and businesses attended the conference.

MSc. Lawyer Nguyen Trung Hieu - Director, Managing Lawyer of Bach Luat Law Firm LLC (left cover) shared many contents at the conference

Delegates attending the conference were provided with information by Master of Law Nguyen Trung Hieu - Director, Managing Lawyer of Bach Luat Law Firm LLC on the legal regulations of CPTPP for the Canadian market; made necessary recommendations for businesses, thereby promoting the export of goods of the province to the Canadian market; exchanged many related information...

The Trans-Pacific Partnership Agreement was officially signed in March 2018 by 11 member countries and took effect in Vietnam from January 14, 2019. CPTPP is a new generation free trade agreement with extensive commitments, having a great impact on member countries in particular and world trade in general, accounting for more than 13% of the total global GDP, with a lot of export potential for businesses to take advantage of and exploit, especially for a large economy like Canada.

In 2024, two-way trade turnover between Vietnam and the CPTPP market is estimated to reach 102.1 billion USD, up 6.8% compared to 2023, accounting for 13.1% of the total import-export turnover. Of which, exports to Canada will reach over 6.37 billion USD, up 13.5% compared to 2023.

Vietnam is currently Canada’s 7th largest import partner. If only counting ASEAN, Vietnam is currently Canada’s most important import partner, accounting for nearly 45% of Canada’s total import turnover from the region. Therefore, the Canadian market still has a lot of potential for Vietnamese enterprises in general and Dong Thap province enterprises in particular to exploit.

Source: https://baodongthap.vn/kinh-te/pho-bien-kien-thuc-ve-phap-ly-thuc-day-xuat-khau-hang-hoa-sang-thi-truong-canada-129993.aspx