On January 1, 2025, Canada announced the 2025 Customs Tariff Schedule, providing guidance for businesses and customs authorities to determine the applicable tariff rate for a specific type of goods prior to importing them into Canada.
Being members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP“) with Canada offers Vietnam, as well as other CPTPP member countries (Mexico, Peru, Chile, New Zealand, Australia, Japan, Singapore, Brunei, Malaysia, and the United Kingdom), certain tariff preferences when exporting goods to the Canadian market.
Thanks to the commitments under the CPTPP, goods from Vietnam may enjoy preferential tariff rates compared to goods originating from countries that do not have a free trade agreement with Canada. This is a significant competitive advantage, facilitating Vietnamese businesses in expanding their market share and gaining deeper access to the North American market.
Accordingly, NexusNovum provides our valued Clients with a Summary Table of customs tariff rates applicable to certain key and potential Vietnamese products that are currently imported or have the potential to be imported into the Canadian market (“Summary Table“).
For details of the Summary Table, please refer to HERE.
Note:
This document only reflects the tariff rates of certain product groups considered key and potential for Vietnam in the Canadian market and is for reference purposes only, based on NexusNovum’s statistical results and assessments. Should you need to determine the tariff rate for a specific product group, please contact us and provide the relevant information so that NexusNovum can verify it to ensure accuracy.
Please cite the source “NexusNovum” when using or sharing this article anywhere.
