A Recent survey has found Laos one of the last surviving communist country in the Indo China Peninsula is a safe haven for exporting beyond the clutches of China’s monopoly. Laos has maintained a concrete export corridor with the European Union. Germany an active member in the EU is a leading trade partner of Laos due to bilateral trade policy.
Laos and the European Union (EU) also have a bilateral trade cooperation agreement that allows a number of Lao products, mostly woven textiles and clothing, to be exported to various parts of Europe. From 2013-16 the Lao exported garments worth over $221.31 million to Germany while unprocessed coffee products came in second with a value of more than $26 million. In fact, Laos has exported over 40 products to Germany; including agricultural products, handicrafts and beverages with a value of more than $262.38 million.
EU cooperation also helps Laos develop and improve its trade policy and capacity to maximize its economic development and poverty reduction as well as help it integrate into the world economy. European Union is also trying to remove the monopoly set by Chinese companies in the peninsula.
