{"id":103618,"date":"2024-07-17T09:40:43","date_gmt":"2024-07-17T09:40:43","guid":{"rendered":"https:\/\/octagona.com\/?p=103618"},"modified":"2024-07-17T13:18:00","modified_gmt":"2024-07-17T13:18:00","slug":"export-to-canada","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/esportare-in-canada\/","title":{"rendered":"Exporting to Canada, conditions and prospects"},"content":{"rendered":"

Exporting to Canada offers a significant opportunity for Italian businesses, thanks to the country's long-standing openness to international trade and the strong demand for products bearing the Made in Italy label. Canada<\/a>, with its political stability, a solid economy, and a well-regulated labor market, it offers advantageous conditions for production costs and access to credit, factors that make it a highly attractive market for Italian companies.<\/p>\n

As of September 21, 2017, it is provisionally in effect the CETA<\/a> (Comprehensive Economic and Trade Agreement) between the European Union and Canada. This agreement facilitates market access to this country, almost entirely eliminating customs duties, opening up public procurement to European companies, protecting geographical indications, and facilitating the mobility of workers, in addition to offering favorable conditions for investment.<\/p>\n

Over the past four years, trade between Italy and Canada has grown significantly and steadily, with a 27.71% increase in the value of Italian exports from 2019 to 2022 (Info Mercati Esteri). Since the year CETA was introduced, trade has grown by about 60%<\/a>.<\/p>\n

Let's take a closer look at this market, the sectors of greatest interest and export requirements.<\/p>\n

\"Exporting<\/h2>\n

\u00a0<\/p>\n

Focus on opportunities and requirements for exporting to Canada<\/h2>\n

In 2023, according to Canadian statistics, the imports of Italian goods into Canada<\/a> reached 12.9 billion Canadian dollars, marking a 6.21% increase compared to the previous year.<\/p>\n

Comparing the first quarter of 2024 with that of 2023, there was a 12% decline in imports from Italy, particularly in the manufacturing sector. However, the pharmaceutical and wine sectors showed growth of 16% and 10%, respectively. Despite these declines, Italy continues to hold its position as the eighth-largest exporter to Canada.<\/p>\n

The four sectors of greatest interest for Italian exports in 2024<\/h3>\n

There are several export sectors of particular interest to Italian companies wishing to embark on a path of internationalization in Canada<\/a>. Let's look at the main ones.<\/p>\n

1. Machinery and Equipment<\/h4>\n

The food processing plant, packaging and packaging systems sector, one of the 15 key segments of the \u201cMachines Italy<\/a>\u201crepresents a significant opportunity for the expansion of advanced Italian technologies in Canada. This is due to the dynamic characteristics of the local market and the promising short and medium-term growth prospects.<\/p>\n

2. Products from Mines and Quarries<\/h4>\n

The Canadian mining industry, with over 60 metals and minerals present in its territory, is a fundamental pillar of the country's economy. Italy ranks as Canada's eighth-largest supplier of machinery and technology for the mining sector, with an export value of CAD 55.49 million in 2022, an increase from CAD 52.7 million the previous year.<\/p>\n

3. Furniture<\/h4>\n

Canada is a relevant market in the furniture sector, ranking as the 11th largest producer worldwide. In 2022, Canada imported furniture totaling CAD 7.29 billion. Italy, renowned for the quality and design of its products, ranked fifth with exports of CAD 291 million, an increase compared to the previous year.<\/p>\n

4. Food products<\/h4>\n

In 2022, Italy ranked fourth for\u2019export of food products<\/a> to Canada, recording an 11.51% increase compared to the previous year. The Canadian market continues to grow for Italian agri-food products, with particularly high demand for olive oil, cheese, pasta, and cured meats. Thanks to the elimination of customs duties under CETA, 41 Italian designations are protected, accounting for over 90% of Italian food exports to Canada.<\/p>\n

Exporting agribusiness to Canada: what to watch out for<\/h3>\n

La Canadian Food Inspection Agency (CFIA)<\/a>, the Canadian equivalent of the U.S. FDA, is the federal agency responsible for food safety oversight in Canada.<\/p>\n

It is responsible for ensuring compliance and enforcement of the SFCR \u2013 Safe Food for Canadians Regulations<\/a>s, which came into effect in 2019 repealing and replacing pre-existing regulations. The SFCR has been a major regulatory revolution in Canada, placing a greater emphasis on prevention and enabling faster removal of unsafe foods from the market.<\/p>\n

CFIA inspectors are present at Canadian customs to check incoming food products, ensuring that safety standards are met.<\/p>\n

SFCR requirements for importers and exporters<\/h4>\n

The main requirements under the SFCR for importers are as follows:<\/p>\n