Canadian Prime Minister Justin Trudeau visited the Ho Chi Minh City Stock Exchange in November 2017 Photo: Le Toan Key Vietnamese tariff cuts for Canadian exports under the CPTPP Agricultural goods: - Beef (tariffs of 31 per cent on fresh, chilled, and frozen beef will be erased within two years, and tariffs of 34 per cent on all other beef products will be eliminated within seven years). - Pork (tariffs of 31 per cent on fresh, chilled, frozen, and prepared pork products will be removed within nine years). - Canola (tariffs of 5 per cent on canola seed will be annulled upon entry into force, while tariffs of 20 per cent on canola oil will be eliminated within seven years). - Ice wine and whisky (tariffs of 56 per cent will be erased within 10 years). Industrial products: - Industrial machinery (tariffs of 25 per cent will be removed within eight years). - Chemicals and plastics (tariffs of 31 per cent will be annulled within 10 years). - Metals and minerals … [Read more...] about Vietnam entices Canadian interest
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China detains third Canadian as Huawei spat simmers
Viet Nam News OTTAWA — China has arrested a third Canadian national, Ottawa said Wednesday - a move that comes amid an already tense diplomatic spat with Beijing over the arrest of a Chinese telecom executive. Canadian Prime Minister Justin Trudeau however emphasised that the arrest did not seem to be linked to a former diplomat and an entrepreneur held for allegedly endangering China’s national security. "We are looking into the details (but) this most recent one doesn’t seem to fit the pattern set by the previous two," Trudeau told a press conference. Earlier, foreign ministry spokeswoman Maegan Graveline said the government was "aware" of another Canadian citizen being detained in China, without providing further details. The citizen has not been identified. Chinese foreign ministry spokeswoman Hua Chunying told a regular press briefing that she had "not heard" about the detention, first reported by Canada’s daily National Post. All three arrests … [Read more...] about China detains third Canadian as Huawei spat simmers
Beijing detains Canadian as tensions soar over exec arrest
It came hours after a former Canadian diplomat was said to have been detained in China, intensifying a diplomatic standoff between the North American allies and Beijing. Meng Wanzhou, Huawei's chief financial officer, faces extradition to the United States, where she is wanted for allegedly violating Iran sanctions, but Beijing has expressed outrage over her detention and is holding a former Canadian diplomat in China, intensifying the row. "The risk of (Meng's) non-attendance in court can be reduced to an acceptable level by imposing the bail conditions proposed by her counsel," a judge in Vancouver said, prompting the courtroom packed with her supporters to erupt in cheers. The list of strict conditions of her release pending the outcome of the extradition case is lengthy, and includes the surrender of her passports and electronic monitoring. She was expected to be released shortly, and will be allowed to stay at a luxury home owned by her husband Liu Xiaozong in Vancouver. U.S. … [Read more...] about Beijing detains Canadian as tensions soar over exec arrest
PM Phuc meets Premier of Quebec, Canadian firms
Prime Minister Nguyen Xuan Phuc (L) meets with Premier of Quebec Philippe Couillard on June 8 (Canada time).-VNA/VNS Photo Thong Nhat At the meeting, Phuc thanked for the warm welcome he received in Quebec and expressed his impression of the local diverse and strong growth. Vietnam values cooperation with Canadian localities, including Quebec, placing it as a priority in the two countries’ comprehensive partnership, stated the Vietnamese PM. Couillard welcomed the Vietnamese high-ranking delegation’s attendance at the Group of Seven (G7) Outreach Summit and visit to Canada. He said the establishment of the Vietnam – Canada comprehensive partnership in November 2017 is an important milestone in bilateral relations, serving as a drive to intensify friendship and cooperation between their localities. Lauding collaboration between Vietnam and Quebec in recent year, especially in trade and education – training, Phuc suggested Quebec continue granting scholarships … [Read more...] about PM Phuc meets Premier of Quebec, Canadian firms
PM introduces investment opportunities to Canadian firms
Vietnam has recorded high economic growth, with import-export revenue reaching 425 billion USD, foreign investment hitting 37 billion USD in 2017, he noted. The Vietnamese leader said that foreign investors in Vietnam have satisfied with the investment efficiency in the country, especially the opening of the economy with the engagement in various free trade agreements. Prime Minister Nguyen Xuan Phuc speaks at the Vietnam-Canada business forum in Quebec on June 8 (Canada time) In March this year, Vietnam and Canada signed and are undertaking procedures for the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Under the deal, Vietnam commits to removing nearly 100 percent of taxes, which means many Canadian goods will enjoy tax reduction and exemption in Vietnam. The PM added that Vietnam is restructuring State-owned enterprises, including those in important areas such as aviation, power, oil and gas, telecommunications, … [Read more...] about PM introduces investment opportunities to Canadian firms