Farm produce on display at the cold storage zone of the Ontario Food Terminal. (Photo: VNA)
Ottawa (VNA) – A delegation of Ho Chi Minh City has
learned Canada’s experience in operating a farm produce trading platform, during
a recent visit to the North American country.
The Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP) has helped many Canadian businesses to enter the Vietnamese
market while Vietnamese firms have yet to find out effective ways to explore
the Canadian market.
At a recent meeting with the HCM City delegation, Minister of
Agriculture, Food and Rural Affairs of Ontario province Lisa Thompson
introduced the Ontario Food Terminal (OFT), which could become a gateway for
products and tropical fruits of Vietnam to enter Canada and also a model for
Vietnam to consider to apply.
visit to the Southeast Asian country in February and the HCM City delegation’s latest
trip showed both sides’ great interest in agricultural cooperation, especially
the development of a farm produce trading platform for both the southeastern
and southwestern regions of Vietnam, Tran Thu Quynh, Trade Counsellor of the
Vietnamese Embassy in Canada, told the Vietnam News Agency.
The market zone at the Ontario Food Terminal. (Photo: VNA)
The OFT is the largest
wholesale fruit and produce distribution centre in Canada and the third largest
in North America. It comprises a market for over 400 farmers to directly
trade their produce and a cold storage zone with 20 warehouses for wholesalers.
It operates under strict supervision of a board
set up by the Ontario Ministry of Food, Agriculture and Rural Affairs.
Ngoc Hoa, Chairman of the HCM City Union of Business Associations, said that
the OFT is a model supported by the state but operated by enterprises via a
board of persons directly running the terminal. It also connects exporters with
importers who are always ready to offer help in terms of procedures to import
goods into Canada.
OFT, all products must meet food safety and packaging standards. Transactions here
are also transparent, helping qualified products be put up for sale in Canada
or exported to other countries.
Hoa held that the OFT is a business model worth
learning, noting it doesn’t simply pursue profit but also serves the interests
of those engaging in the terminal./.