Asian and German Business Relations
Opportunities for trade and multilateral business relations are extensive between Germany and the 47 countries located in Asia. Although there are a number of cultural differences, business relationships based on mutual trust and respect can prevent potential obstacles that might arise for business partners.
A comparison between Asia and Germany is as follows:
Germany enjoys a number of bilateral trade relations throughout Asia and has strong commerce connections in countries such as India, China and Japan.
Germany is India’s largest European trading partner, with an expected 30 billion euros to be traded in 2010. The two countries have strong commerce and cooperation ties in the areas of telecommunications, engineering, environmental technology, food processing, chemicals, and pharmaceuticals.
Germany is China’s biggest trading partner and technology exporter in Europe, and German investments in China are strong when compared to other European countries. China is Germany’s second largest trading partner outside of countries in the European Union and the United States.
Singapore and Malaysia also are additional trading partners of Germany. Malaysia claimed to be Germany’s top trading partner in Asia during much of 2009. Singapore is Malaysia’s competitor for German business in the region, importing goods in the amount of 3.116 billion euros in 2009.
Indonesia and Thailand are other key Asian trading partners for Germany, with exports in 2009 amounting to 1.791 billion euros, and 1.922 billion euros, respectively.
About GRP Rainer LLP
GRP Rainer LLP is an international firm of lawyers and tax advisors who are specialists in commercial law. The firm counsels commercial and industrial companies and corporations, as well as associations, small- and mid-sized businesses, self-employed freelancers and private individuals worldwide from offices in Cologne, Berlin, Bonn and Düsseldorf, Germany.
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