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Canada, Vietnam seek broader trade cooperation

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Canada, Vietnam seek broader trade cooperation



Canada and Vietnam have recently agreed to further strengthen economic and trade ties as well as supply chain connectivity amid growing uncertainties in global commerce.

The issue was discussed at a meeting in Hanoi between Minister of Industry and Trade Le Manh Hung and Canadian ambassador to Vietnam Jim Nickel.

Canada and Vietnam have agreed to further strengthen economic and trade ties as well as supply chain connectivity amid growing global uncertainties.
The issue was discussed at a meeting between Minister of Industry and Trade Le Manh Hung and Canadian ambassador to Vietnam Jim Nickel, who highlighted Vietnam’s growing role in global supply chains.
The two sides discussed talks on the ASEAN-Canada FTA.

Bilateral trade has doubled over the past four years, rising by 18.8 per cent year on year to $8.6 billion in 2025.

Nickel highlighted Vietnam’s growing role in global supply chains, describing the country as a reliable supplier of goods to Canada which, in turn, has strengths in energy, critical minerals and agricultural products, according to a Vietnamese media outlet.

The ambassador also commended on Vietnam’s role as chair of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2026, host of the Asia-Pacific Economic Cooperation (APEC) forum in 2027, and its ASEAN rotating chairmanship later.

The two sides agreed to work closely on preparations for the third meeting of the Vietnam-Canada Joint Economic Committee and a bilateral business forum scheduled for early June 2026 in Canada.

The Vietnamese minister stressed that both countries’ participation in the CPTPP has generated practical benefits, helping boost trade, investment, business connectivity and supply chain linkages.

The two sides discussed negotiations on the ASEAN-Canada Free Trade Agreement (ACAFTA). Hung expressed confidence that once concluded and signed, the agreement will create fresh momentum for economic, trade and investment cooperation between the Association of Southeast Asian Nations and Canada.

Fibre2Fashion News Desk (DS)



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BGMEA-IVY Decarb MoU to push decarbonisation in Bangladesh RMG sector

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BGMEA-IVY Decarb MoU to push decarbonisation in Bangladesh RMG sector



The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Spain-headquartered IVY Decarb Marketplace SL recently signed a memorandum of understanding (MoU) to strengthen collaboration on industrial decarbonisation, productivity improvement and sustainable machinery transition in Bangladesh’s textile and garment sector.

The MoU was signed by BGMEA vice president Vidiya Amrit Khan and Jose Manuel Caballero, managing director of the company.

BGMEA and Spain-headquartered IVY Decarb Marketplace SL have signed an MoU to strengthen collaboration on industrial decarbonisation, productivity improvement and sustainable machinery transition in Bangladesh’s textile and garment sector.
Both sides will work to introduce decarbonisation methodologies to BGMEA members, and support the sector in exploring advanced, energy-efficient industrial machinery.

Under the collaboration, both sides will jointly work to introduce decarbonisation methodologies to BGMEA member factories, and support the sector in exploring advanced, energy-efficient industrial machinery, BGMEA said in a Facebook post.

The partnership will also focus on validating and strengthening IVY Decarb’s methodology for measuring productivity and sustainability impacts from textile machinery replacement.

Through this collaboration, BGMEA aims at supporting its member factories in accessing knowledge, tools and practical pathways for machinery modernisation, improved efficiency and measurable climate impact.

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India’s apparel sourcing window reopens—for now

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India’s apparel sourcing window reopens—for now



India’s path to becoming America’s strategic apparel base is open again, but the runway is short and conditional. TexPro data shows US apparel imports from India closed **** at $*.*** billion (+*.**% YoY), a headline that masks a violent two-half story. H* **** surged on tariff front-loading ($*.*** billion); H* collapsed **.* per cent to $*.*** billion as the cumulative US tariff on Indian apparel hit ** per cent between August **, **** and February *, ****.

The February *, **** US-India interim framework cut the reciprocal rate to ** per cent, putting India below Vietnam (**%), Bangladesh (**%) and Indonesia (**%) for the first time. Then on February **, ****, the US Supreme Court struck down the IEEPA tariffs, which were replaced with a flat ** per cent Section *** surcharge that expires on July **, ****. The window is real. It is also closing fast.



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USTR tariffs put $333 bn apparel sourcing at risk

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USTR tariffs put 3 bn apparel sourcing at risk



The US apparel sector just got a court victory that feels less like relief and more like a warning. On May *, the Court of International Trade ruled President Trump’s ** per cent Section *** global import surcharge unlawful, but the block was narrow: relief applies to two importers and Washington state, not every apparel entry moving through US ports. The duty may be wounded; sourcing risk is not.

The larger signal is what comes next. After the Supreme Court struck down the administration’s IEEPA tariff authority in February, the White House moved to Section *** as a ***-day bridge ending July **, unless Congress extends it. Now The Office of the United States Trade Representative (USTR) is building a more targeted Section *** record on ‘structural excess capacity’ across ** economies. For apparel, this is not a side issue. It is the sourcing map.



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