The new Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP):
Why TFO Canada should be your sourcing partner for the emerging and developing countries on the agreement
As businesses cautiously wait on the conclusion of the NAFTA renegotiations, hope for an ease in the threat of protectionism and wish for the possible subsiding of impending trade wars, the recently signed 11 countries CPTPP agreement seems to be a light at the end of this dampened trade tunnel. This is a victory for Canada’s progressive trade agenda and for the remaining countries, who continued negotiations for the Trans Pacific Partnership after the United States decided to not participate. The CPTPP promises tariff reductions and eliminations, new rules of origin for specific sectors, liberalization of trade in the service sector and investments, amongst other concessions.
In the context of TFO Canada, there are four developing countries that are part of this recently newly signed FTA, we can help you navigate sourcing products and services from these markets. The countries are: Mexico, Peru, Malaysia and Vietnam, and while Canada already had bilateral FTAs with the first two countries, the other two has had most favoured nation tariff treatment status.
Here are three reasons why you should partner with TFO Canada to reap the full benefits of CPTPP:
Unique Organization
Created through an act of parliament, we are the only Canadian non-governmental organization that enable developing countries’[i] exporters to partner with Canadian buyers, importers and distributors to access the Canadian market. We do this through exporters’ and buyers’ trade missions, in-person and virtual B2B meetings and our online searchable supplier database. Working in Africa, Asia, Latin America, the Caribbean and the Middle East we pride ourselves in matching Canadian importers with export-ready exporters.
Track Record In Developing Countries
With over 38 years experience in the trade facilitation business we have facilitated market access for numerous countries and hundreds of businesses. In our present Canadian Market Access (CMAS) program we have achieved, to date, CAD $13, 520,043 in export sales for SME exporters, where CAD $1,954, 996 of these sales were made by women led companies; and have facilitated 2833 contacts for 184 exporters with Canadian importers.
In-country Partnerships
TFO Canada has developed, nurtured and maintained numerous partnerships with developing countries trade support institutions e.g. ProMexico, PromPeru, Vietnam Chamber of Commerce and Industry and international organisations such as TechnoServe and WeConnect international. These partnerships provide us with leverage when implementing projects and facilitating new trade partnerships.
These are some of the great reasons you should partner with us when entering the markets of Mexico, Peru, Malaysia and Vietnam as part of CPTPP.
Let TFO Canada be your sourcing partner!