{"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 companies, thanks to the country's historic openness to international trade and strong demand for Made in Italy branded products. The Canada<\/a>, with its political stability, robust economy and well-regulated labor market, 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 by almost entirely eliminating tariffs, opening government procurement to European companies, protecting geographical indications and facilitating labor mobility, as well as offering favorable terms for investment.<\/p>\n

Over the past four years, trade between Italy and Canada has grown significantly and steadily, with the value of Italian exports increasing by 27.7% from 2019 to 2022 (Foreign Markets Info). Since the year of the introduction of CETA, trade interchange 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

 <\/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 C$12.9 billion, registering an increase of 6.2% over the previous year.<\/p>\n

Comparing the first quarter of 2024 with that of 2023, there was a 12% decrease 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 maintain 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 sector of food production equipment and packaging and packaging systems, one of the 15 key sectors of the \u201cMachines Italy<\/a>\u201c, represents a significant opportunity for the expansion of Italian advanced technologies in Canada. This is due to the dynamic characteristics of the local market and promising growth prospects in the short and medium term.<\/p>\n

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

Canada's mining industry, with more than 60 metals and minerals in its territory, is a key pillar of the country's economy. Italy ranks as Canada's eighth largest supplier of machinery and technology to the mining sector, with an export value of CAD 55.49 million in 2022, up from CAD 52.7 million in the previous year.<\/p>\n

3. Furniture<\/h4>\n

Canada is a significant market in the furniture sector, of which it is the world's 11th largest producer. 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, up from the previous year.<\/p>\n

4. Food products<\/h4>\n

In 2022, Italy was ranked fourth for the\u2019export of food products<\/a> to Canada, registering an increase of 11.5% over 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 names 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 - Safe Food for Canadians Regulation.<\/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