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 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:
Trans Pacific Partnership (CPTPP)
The CPTPP Trade Pact gives preferential duty free access for Canadian origin goods - even those sold online.
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.
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.
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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.
Jet helps Canadian companies build durable, efficient import processes that can then be incorporated into the product listing.