Vietnamese Fisheries in an effort to realize benefits from CPTPP
On March 21, Vietnam’s Ministry of Industry and Trade and Ministry of Agriculture and Rural Development held a seminar about Vietnam Fisheries Trade in an effort to realize benefits from Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP) in Toronto city of Canada.
On March 21, Vietnam’s Ministry of Industry and Trade (MoID) and Ministry of Agriculture and Rural Development held a seminar about Vietnam Fisheries Trade.
According to statistics, Canada recorded a sale worth 1.02 billion CAD to Vietnam while imports from Vietnam reached 5.83 billion CAD. One hundred percent of Vietnam’s seafood products exported to Canada have been imposed tax 0% since January 04, 2019. The number provided by MoID showed that Canada has spent 240 million USD on Vietnam’s seafood products.
In her speech, Jessica Yang, representative of Canada Food Inspection Agency emphasized the importance of traceability when it came to imported products, particularly seafood products, in accordance with Canada’s new law of food safety. Especially, Canadian exporters have seen much potential from marine products in Vietnam’s market.
Nguyễn Hồng Dương, Deputy General Director of Europe – America Department of MoID, said “general relation between Canada and Vietnam, particularly their economic & trade relation, has developed. As for Vietnam,CPTPP created a new chance for two parties to take their bilateral relations to a new level”.
“This is the time when authorities are supposed to take the chance to support companies to realize benefits from CPTPP”
He said Canadian leaders had the same thoughts as Vietnam’s, leaving advantages in realizing benefits from new business environment.
So that Canadian people are beneficial from trade agreements and able to approach new markets, the Government is investing 1.1 billion CAD into services and programs. Small and medium sized companies will be provided with human resources provision so that they are capable oftaking use their export opportunity. Canadian exporters will be provided with further trade services. Innovation by companies will be supported for added value enhancement and company development.