Vietnam’s textile and garment exports to Canada in 2019 moved past $1.1 billion for the first time, a rise of 20 per cent compared to 2018, according to International Trade Centre (ITC) data, which indicate the country has surpassed Cambodia to rank third in textile-apparel exports to the Canadian market. Last year too, textile-garment exports to Canada maintained robust growth.
Among members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Canada can be considered a market with strong potential moving forward, second only to Japan, according to Le Tien Truong, vice chairman of Vietnam Textile and Apparel Association (VITAS).Vietnam's textile-garment exports to Canada in 2019 moved past $1.1 billion for the first time, a rise of 20 per cent compared to 2018, according to International Trade Centre data, which indicate the country has surpassed Cambodia to rank third in such exports to the Canadian market. Last year too, textile-garment exports to Canada maintained robust growth.#
Canada’s import scale reached up to $14 billion with Vietnamese garments and textiles, accounting for only 8 per cent of the overall market share, according to a Vietnamese newspaper report.
Experts have therefore advised local firms to meet rules of origin detailed within the CPTPP, with yarn and fabric being purchased from CPTPP member countries as a means of increasing exports to the Canadian market in the near future.
Fibre2Fashion News Desk (DS)
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