BILATERAL TRADE BETWEEN TURKEY AND VIETNAM

TRADE RELATIONS BETWEEN TURKEY AND VIETNAM Both nations are one of the most rapidly developing nations in the world and are currently attracting a lot of foreign investors to invest in their country due to their efficient labor, cheap prices, and good quality products. Vietnam is a member country of the ASEAN group whereas, Turkey is a member of the EU group. Both nations are contributing more than their potential and are considered the most crucial part of their respective groups. The overseas trading between the two nations started way back in the year 1978. The association became stronger after the year 1997 as both countries signed a Bilateral Trade Agreement. Since then and till now, both nations are into frequent trade practices and no such political tension has risen between the two. BILATERAL TRADE BETWEEN TURKEY AND VIETNAM As per the statistics, and Turkey Trade Data for the year 2021, Turkey exported goods worth USD 336 million to Vietnam. The major goods exported...