CPTPP — the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — is a free trade agreement between 12 countries including Canada and Vietnam. It came into force for Vietnam on January 14, 2019.
In plain terms: if your goods from Vietnam meet specific origin requirements, Canada will charge you 0% import tariff instead of the standard 16–18% MFN (Most Favoured Nation) rate. For a $200,000 annual import, that’s $32,000–$36,000 CAD per year you keep in your pocket.
The catch? You need to know about it, apply correctly, and have the right paperwork. Most Canadian SMEs importing from Vietnam miss this entirely — because their freight forwarder never brings it up.
NovaLynk is your Trade Compliance Partner on the Canada–Vietnam lane. CPTPP compliance is built into every shipment — not an add-on, not something you need to ask for. We check eligibility, prepare your C/O Form VN, and file correctly with CBSA every time.