Garment 10 Corporation and a number of member enterprises of the Vietnam Textile and Garment Group (Vinatex) will soon visit Canada to explore export opportunities there. Canada is a promising market, with the annual import turnover of garment and textile products reaching $13.3 billion, according to the company’s general director Than Duc Viet. 

Export of Vietnamese garment and textile to the market, however, is just about $550 million per year, Viet said, adding that in the absence of a bilateral free trade agreement between the two countries, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will help open up opportunities for Vietnam to raise exports to that market in future. 

Vietnamese garment and textile products will enjoy zero tariffs in Canada from the CPTPP. (DS)