(PLO)- The two sides discussed to remove trade barriers as well as strengthen promotion activities to take full advantage of the benefits from the EVFTA Agreement.
The second meeting of the Vietnam – Germany Joint Committee on Economic Cooperation was held in Berlin under the co-chair of Deputy Minister of Industry and Trade Phan Thi Thang and Secretary of State of the Ministry of Economy and Climate Protection of the Republic of China. Federal Republic of Germany Udo Philipp.
Representatives of the two sides in the second meeting of the Vietnam – Germany Joint Committee |
Attending the meeting were representatives of the Vietnamese Embassy in the Federal Republic of Germany, representatives of relevant organizations, associations, functional units (GTAI, OAV, APA, DIHK…) and a large number of representatives Vietnamese enterprises such as Vietnam Pharmaceutical Corporation, Vietinbank, Vietnam Airlines, Becamex IDC, FPT, T&T Group… On the German side are Siemens AG, Siemens Energy, Enertrag, Adidas, Drägerwerk, HDI Global…
On this occasion, the two sides exchanged and assessed an overview of bilateral economic relations as well as discussed cooperation contents in areas of common interest such as energy, energy security, energy transition, Industry 4.0.
Overview of the session |
Along with that is the removal of trade barriers as well as the strengthening of promotion activities, including services and logistics, in order to take full advantage of the benefits from the EVFTA Agreement.
Within the framework of the meeting, businesses directly exchanged as well as shared and contributed ideas with representatives of functional units of the two sides.
At the end of the meeting, the two sides agreed on specific cooperation directions in the coming time and signed the minutes of the meeting, determining the time for the third meeting in 2025.
The two sides signed the meeting minutes with many agreed contents |
Previously, in 2020, the Ministry of Industry and Trade of Vietnam and the Ministry of Economy and Energy of the Federal Republic of Germany signed an agreement to establish the Vietnam – Germany Joint Committee on Economic Cooperation in order to realize cooperation between the two countries. the two countries specifically, upgrading the bilateral cooperation relationship to a higher level. This cooperation mechanism is expected to actively support businesses of both sides.
On January 12, 2021, the Ministry of Industry and Trade of Vietnam coordinated with the Ministry of Economy and Energy of the Federal Republic of Germany (now the Federal Ministry of Economy and Climate Protection) to hold the first meeting of the Joint Committee of the Federal Republic of Germany. online form.
The Federal Republic of Germany is Vietnam’s largest trading partner in Europe, accounting for 20% of our exports to the EU and also an important transshipment gateway for Vietnamese goods to other markets in Europe. .
Vietnam is ranked by Germany as the 33rd trade partner out of 232 countries that export goods to Germany, and 49 out of 206 countries that import goods from Germany.
As an export-oriented economy, Germany considers Vietnam a potential market for rapid growth in Asia.
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PV