When people speak of Asia: Asia = China + everyone else.But, the “everyone else” is increasingly isadding up to incredible opportunity thanks in large part to the ASEAN & CP-TPP trade pacts. We expect continued growth in our parcel deliveries to Asia.
Trade blocs within Asia - such as ASEAN- and CPTPP are leading to cross border opportunities from Canada. Canadian companies rely on low cost shipping options to reach ASEAN and CPTPP countries.
ASEAN, CPTPP and China: Incredible Market for Canadian Online Orders
ASEAN and CPTPP both build greater economic integration amongst 10 Asian countries (in ASEAN group) and even larger CPTPP Group (that includes Japan, Canada, Australia and New Zealand).
The ten nations of ASEAN include:
- Indonesia (the largest economy in the group)
- Thailand, Malaysia, Singapore and The Philippines (all with an estimated GDP of around $300 billion US)
- Vietnam, Laos, Myanmar, Cambodia and Brunei
- Get a rate for shipping to ASEAN and CPTPP countries
Trans Pacific Partnership (CPTPP)
The CPTPP Trade Pact gives preferential duty free access for Canadian origin goods - even those sold online.
Canadian companies can take advantage of duty free entry to CPTPP countries for qualifying Canadian Shopify DTC Orders
The CPTPP creates the world’s larges trade zone spanning four continents and representing 40 percent of the world’s economy - a higher share than the European Union.
The CPTPP is more than simply a reduction in tariffs. The CPTPP has special provisions to help small and medium size businesses access their markets: Including e-commerce and the digital economy.
Leading International Markets for Canadian Online Orders
The major growth opportunity for the retail online marketplace is cross border sales. Canadian retailers often serve niche markets - for example in winter wear - that are attractive to certain markets. Furthermore, Canadian retailers can embrace the value of being, well, Canadian.
The leading international markets for Canadian e-commerce sellers includes Japan, Korea, and all ASEAN and Asia Pacific economies.
Jet Worldwide has direct shipping, import and last mile delivery solutions to all the world's major economies.
CPTPP offers duty free access for E-commerce Canadian Origin Goods Sold
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The Impact of CPTPP on trade with China: Although China is not a party to the Trans Pacific Partnership, it is expected to serve as a template for any future discussions related to the digital economy and state owned enterprises.
ASEAN, CPTPP and cross border e-commerce: Although the shift towards reduced tariffs and free trade bolsters cross border e-commerce, the specific clearance challenge related tohigh volume parcel flows will likely remain.
Custom Import Processes
Jet helps Canadian companies build durable, efficient import processes that can then be incorporated into the product listing.
- Harmonized System Code (HS): It is not always necessary to include the HS Code but it is absolutely necessary that the codes are understood and implemented as needed. Visit our blog on HS codes: HS Codes for Cross Border Online Shipments.
- Valuing your Item(s): Although the correct declared value for import is most often the value of the sale or transaction, it is important to understand methods of valuation. Issues for valuation include whether or not to include transport costs, insurance, and/ or value added tax. Visit our blog on valuation: Declared Value, CIF and Valuation for international shipping.
- Restricted Items: It is necessary for online sellers to categorize shipments that may be restricted by virtue of the item itself or it may be permitted under certain circumstances.
- Country of Origin: Processes can be developed to ensure that goods of Canadian origin (made in Canada) benefit from CPTPP preferential duty free import. Visit our blog regarding Canada's Free Trade Agreements: Canada's Free Trade Agreements and Duty Free Import for Online Orders.
Jet Worldwide-
- Jet Worldwide is a trusted brand helping Canadians connect with international markets for over 35 years.
- Jet Worldwide provides transparency and best in class international e-commerce shipping solutions for online orders shipped from Canada. Contact Jet's logistics team.
jetworldwide.com - Jet Worldwide is a trusted brand helping Canadians connect with international markets for over 35 years.
