EVFTA - impetus for intensifying Vietnam-Germany trade ties
Vietnamese Minister of Industry and Trade Tran Tuan Anh and German Federal Minister of Economics Peter Altmaier co-chaired the first meeting of the joint committee for economic cooperation between the two countries which took place virtually on January 12.
Vietnam and Germany virtually host the first meeting of a joint committee for economic cooperation on January 12. (Photo: VNA)
Berlin (VNA) – Vietnamese Minister ofIndustry and Trade Tran Tuan Anh and German Federal Minister of Economics PeterAltmaier co-chaired the first meeting of the joint committee for economiccooperation between the two countries which took place virtually on January 12.
The Vietnam-Germany joint committee for economiccooperation was established to identify possible areas for enhanced cooperationand remove obstacles for companies from the respective host country, the GermanFederal Ministry for Economic Affairs and Energy (BMWI) said in a pressrelease.
In addition to addressing the COVID-19 pandemic, themeeting focused its discussions on trade and industry, energy, vocationtraining and recruitment of skilled workers.
Speaking at the event, Altmaier said Vietnam and Germanyhas long been linked by a close and strong partnership which both sides want tofurther advance through the meeting.
The EU-Vietnam Free Trade Agreement (EVFTA) which enteredinto force in August last year has provided significant impetus forintensifying the bilateral trade relations, he noted.
He further emphasised that the exchange between the twocountries are more important than ever in the current COVID-19 crisis becauseonly open markets and free trade can make it possible for the two sides toovercome the crisis and get the economies going again more quickly.
According to the BMWI, the special interest of Germaneconomy in strengthening cooperation with Vietnam was shown by theparticipation of a number of leaders of business associations and majorcorporations, such as Andreas Schick, chairman of the Vietnam committee at theGerman Asia-Pacific Business Association (OAV) and a member of Schaeffler AG’sExecutive Board; and Joe Kaeser, President and ECO of Siemens AG and Chairmanof the Asia-Pacific Committee of German Business.
The Vietnam – Germany trade in goods has quadrupled overthe last 10 years with Germany now being Vietnam’s largest trade partner in theEU./.
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Vietnam and Germany virtually host the first meeting of a joint committee for economic cooperation on January 12. (Photo: VNA)
