However, to foster further development, the textile and garment industry in Việt Nam wants a bilateral agreement or a free trade agreement to reduce export taxes upon entering the Canadian market. To address this situation, Kirke suggested a free trade agreement between the two sides. According to him, a small change could benefit both sides, or they could consider a separate free trade agreement. Both approaches would help Việt Nam's textile and garment products become more competitive. Việt Nam, currently among the top three global textile exporters, sees room for further economic integration and market expansion.

Source: Viet Nam News January 20, 2024 14:06 UTC