Vietnam enjoys 26% surge in export to Canada
Vietnam’s exports to Canada during the past nine months of 2013 were valued at US$1.063 billion, a 26% increase over the same period last year.
According to the Centre for Industry and Trade Information under the Ministry of Industry and Trade, Vietnam’s main exports to the North America country include garments (US$280.78 million, up 16.9%), aquaculture (US$120.33 million, up 21.6%) and footwear (US$112.93 million, up 23.7%).
Vietnam and Canada marked the 40th anniversary of their diplomatic ties on August 21, 2013.
Since the two countries signed their Bilateral Trade Agreement in 1995, two-way trade surged by 20 times, hitting US$1.6 billion in 2012.
Canada jumped from 23rd position among foreign investors in Vietnam in 2006 to 15th position currently. Both countries are now joining the negotiations for a Trans-Pacific Partnership (TPP) – the largest trade agreement in the region.