Professional Documents
Culture Documents
Slide
Slide
Members:
Pham Phuong Anh 2213550023
Ly Ha Phuong 2214150628
Textile and garments export from Vietnam to Canada
under the impact of CPTPP:
"Billion dollars" potential market and challenges of
green practices
Introduction
The textile and garment industry has been a driving
force behind Vietnam's economic transformation
One of the most significant
developments in recent years
has been the implementation of Comprehensive &
the CPTPP, a landmark Progressive Agreement
multilateral trade agreement for Trans-Pacific
encompassing 11 nations, Partnership
including Vietnam and Canada
Canada
a member of the CPTPP and a highly
developed nation with a robust
economy, discerning consumer base,
and stringent quality standards
represent a vast "billion dollars"
potential market for Vietnam's textile
and garment exports
The adoption of green practices in the textile and garment industry
is not merely a matter of compliance but also a strategic imperative
for long-term success and global competitiveness.
Table of Contents
Current
Overview 01 02 situation
Opportunities &
Challenges
03 04 Recommendations
01
Overview of CPTPP
and textile and
garment industry
exports
1.1 Overview of Comprehensive and Progressive Agreement
for Trans-Pacific Partnership - CPTPP
d) Product-Specific Rules
- The "yarn forward" rule
- De minimis rule
- 2 types of cumulation for calculating RVC
1.3.3 Safeguard Measures for Textiles
a) Global Safeguards
Applied to all WTO member
b) Transitional Safeguards
Anti-Dumping & Anti-Subsidy Measures
1.3.4 Customs Cooperation, Surveillance
- Implementing preferential export tariffs and special preferential
import tariffs
- Verifying the origin of imported and exported textile goods
- Upholding customs procedures and trade facilitation
commitments.
February 2024, textiles and garments are the items with the
2024 highest turnover among Vietnam's main products exported to
Canada.
In summary, the CPTPP has opened
doors for Vietnam’s textile and
garment industry
03
Opportunities &
Challenges
3.1. Opportunities of “billion dollars” potential
market
3.1.1 Benefits to reduce import tax rates
Vietnamese fabric and apparel exports can benefit from these
markets' high disposable incomes and demand for high-quality
textiles.
CPTPP
- Research on innovative,
renewable, natural-origin materials
and chemicals, alongside promoting
design for sustainability guided by
life cycle assessment
4.2 Recommendations for the enterprises in the textile
and garment industry
- Strengthening collaboration between universities,
colleges, vocational schools, manufacturing
businesses, technology providers, and chemical
suppliers