• Trade Agreements in Germany

Trade Agreements in Germany

In 2019, bilateral trade between Germany and Vietnam amounted to around €14 billion. The stock of German direct investment in Vietnam amounted to around €840 million in 2017. More than 300 German companies are currently present in the Vietnamese market. The bis Export Act (EE) is responsible for the application of the AEOI. The BRI works closely with U.S. embassies, foreign governments, industry, and trade associations to ensure U.S. exports are safe. In accordance with the AEOI, BIS officials conduct on-site visits around the world, also known as end-use controls (EUCs), to end-users, recipients and/or other parties to transactions involving items subject to the AEOI to verify compliance. Whenever a country is particularly good at a region, its products and services seek (and find) their way to customers beyond national borders. This is the birth of a new export success. The Swiss export their watches all over the world; China is characterized by electronic commerce; and the United States is particularly good at trade in services.

Everyone does what they do best. That is how world trade works; for everyone to enjoy. Today, value chains are highly internationalized. Intermediate products, components and industry-related services are traded across national borders in order to be processed or refined by subsidiaries or industrial customers. According to the World Trade Organization (WTO), 46.5% of German goods exports and 51.6% of imported goods were intermediate products in 2017. In addition, more trade makes production more profitable through specialization and economies of scale: the production not only of a few products of a certain type, but larger quantities for a global clientele reduces the share of fixed costs in total costs. Since the manufacturer can standardize and prefabricate parts and automate work processes, costs are reduced while maintaining the same quality. The eu-Japan trade deal will make it easier and cheaper for them to do so. Negotiations on a free trade agreement between the EU and several ASEAN states (= Association of Southeast Asian Nations) are of great economic importance to Germany. The ASEAN region is experiencing dynamic growth and there is great potential for economic cooperation with Europe. The EU is currently negotiating with the various ASEAN members after the first negotiations with the region as a whole did not lead to concrete results. Germany is part of the EU`s Harmonised Trading System and imports and exports are covered by the EU`s Tax and Customs Union.

A free trade agreement between the EU and India can help remove existing trade barriers and give new impetus to our bilateral cooperation. India`s population is the second largest in the world, making the country a very important trading partner for German companies. However, the German government and the European Commission insist that any agreement must be comprehensive and ambitious. While negotiations on a free trade agreement began in 2007, sharp differences in expectations on both sides have led to the stalemate in these negotiations since 2012. Describes the trade agreements in which this country is involved. Provides resources for U.S. companies to obtain information on the use of these agreements. While harmonising EU legislation can facilitate access to the EU single market, manufacturers should be aware that (mandatory) regulations and (voluntary) technical standards can also be barriers to trade if US standards differ from those of the European Union. A list of trade agreements between the European Union and other countries of the world as well as brief explanations of these agreements can be found in EU trade agreements. Removing regulatory barriers to trade is another objective of free trade agreements. Of course, regulatory cooperation between states must not lead to lower standards, for example in consumer protection, nor restrict the political room for manoeuvre of the EU and its Member States. Specific information on the ATA carnet Customs procedure for the temporary admission, transit and temporary importation of goods for specific purposes, duty-free and duty-free (e.g.

duty-free and duty-free ( e.g. B, professional equipment for presentations or trade shows). A list of trade agreements with the EU and its Member States, as well as brief explanations, can be found in Singapore: The EU and Singapore signed a free trade agreement and an investment protection agreement at the ASEM summit on 18-19 October 2018. .