A Brief Note On Vietnam And Canada Relations

927 WordsOct 21, 20154 Pages
Vietnam and Canada Relations Vietnam and Canada have established a diplomatic relation with each other since 1973, and they have been maintaining a good bilateral relation. Moreover, the relations between two countries are expanding rapidly, from increase in trading to investment and a prominent development assistance presence (Canadian International Development Agency). Additionally, Vietnam is one of the countries in which Canada is focusing on in responding to the Government of Vietnam’s poverty reduction priorities as well as improving the enabling environment for investment and supporting rural enterprise development and agricultural productivity. Bilateral merchandise trade is an example showing the relationship between Canada and Vietnam. In fact, their bilateral merchandise trade has increased steadily over the past decade, and is now more than four times greater than it was in 2000. Canada – Vietnam bilateral trade reached an all-time high of nearly $2.6 billion in 2013. Furthermore, merchandise Canada imports from Vietnam were valued at $2.1 billion, while Vietnam imports from Canada were worth nearly $426 million. Moreover, Canada and Vietnam have shared membership in multiple multilateral forums. One of those forums is including ASEAN in which Canada is a Dialogue Partner. Canada and Vietnam are also members of the Asian – Pacific Economic Corporation (APEC), the World Trade Organization (WTO), the ASEAN Regional Forum, the Francophonie and the United Nations.
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