Trade agreement and fast-growing economy make Vietnam an attractive market for B.C.

News Snapshot:

Tariffs will continue to go down for Canadians exporters entering the country, thanks to CPTPP free-trade agreement The provincial government recently announced its new trade diversification strategy, which identifies three new markets that have “clear and present export or investment attraction opportunities” for B.C. companies. Compared to Taiwan and Mexico – two of the markets added to the strategy – Vietnam has a smaller trade presence in B.C. With more than $160 million in B.C.-origin exports in 2022, Vietnam ranks as the province’s 23rd-largest export destination. Despite that, experts say there is significant growth potential in trade with the country...