Viyana Satım Sözleşmesi’ne taraf olan Türkiye’nin Vietnam ile arasındaki güçlü ekonomik ve dostluk bağının Vietnam’ın attığı yeni hukuki ve ekonomik adımlarla daha da güçlenmesi beklenmektedir.
Commercial Relationship Between Vietnam and
Turkey Has Taken a Promising Step Forward
by Fatma Esra Güzeloğlu
8 February 2016
As of 18 December 2015, Vietnam has become the
84th state to accede to the Vienna Sales Convention (CISG). The Convention will
enter into force on 1 January 2017 in Vietnamese jurisdiction. Ever since
Vietnam has become a member of the World Trade Organization on 11 January 2007,
a sharp increase in international trading volumes of domestic companies has
been observed. By taking this step, it is anticipated that international
business transactions will be further facilitated; and hence accelerated in the
territory.
Turkey, a party to the CISG, has strong economic
ties with Vietnam which are profoundly reinforced by their friendly relations.
Over the past decade, business partnership between these countries has taken on
new dimensions whereby the volume of international trade has increased from 114
Million USD to 1.3 Billion USD between the years 2005 and 2012. With this
recent development of Vietnam’s accession to the CISG, it appears that trading
cooperation between Turkish and Vietnamese markets will grow even stronger with
a legal infrastructure that is familiar to both put in place.
Should you have any further comments or inquires
on international commercial legal framework of Turkey, please do not hesitate
to contact me at fatmaesra@guzeloglu.legal