tailieunhanh - Developing Trade Relations between Vietnam - Germany

This paper analyzes the current state of trade relations between Vietnam and Germany, assesses the advantages and disadvantages, and suggests policy implications for developing trade relations between the two countries in the future. | VNU Journal of Science: Economics and Business, Vol. 33, No. 5E (2017) 70-75 Developing Trade Relations between Vietnam-Germany Duong Thi Tinh* University of Economics and Business Administration - Thai Nguyen University, Tan Thinh Ward, Thai Nguyen City, Vietnam Received 21 July 2017 Revised 15 December 2017; Accepted 25 December 2017 Abstract: More than 40 years of establishing diplomatic relations and developing trade between Vietnam and Germany, it can be seen that Germany is the biggest trading partner of Vietnam in Europe and the largest importer of Vietnam’s exports to the EU. Although the trade between the two countries has not reached expectations, and the results are still inferior to the potential, the prospects for trade between the two countries are great and need to be further developed due to the favorable context and the advantages of the free trade agreement between Vietnam and the EU. This paper analyzes the current state of trade relations between Vietnam and Germany, assesses the advantages and disadvantages, and suggests policy implications for developing trade relations between the two countries in the future. Keywords: Vietnam-Germany, trade relations, development prospects, policy implications. 1. Introduction * process of economic transition but also supports Vietnam in the process of reforming the legal system within the framework of the GermanVietnamese Legal State Dialogue with about 70 seminars, professional exchanges, and fieldtrips each year. In addition, Germany also supports Vietnam’s accession to international organizations and promotes the signing of the Vietnam-EU Free Trade Agreement. On the side of Vietnam, it has actively supported Germany in terms of regional cooperation in the Asia-Pacific region and EU-ASEAN. In the commercial relations between Vietnam and Germany, since 1990 the two countries have signed many important agreements providing the legal basis for longterm bilateral cooperation, such as the Agreement on .