Both countries concluded a bilateral investment agreement in 1999. In 2020, the bilateral trade volume was 154.7 million Euro, making Germany the second-largest trading partner for Laos within the European Union.[1][3]
Germany has provided development aid to Laos since the 1960s.[3] By 2022, aid payments were over 500 million Euro.[1]
Cultural relations
Almost 3000 Laotians have studied in the former GDR and today the German Academic Exchange Service awards scholarships to Laotian students. In higher education, there are various partnerships between German and Lao institutions. At the National University of Laos, German has been a separate subject since 2003.[1]
Germany has assisted Laos with cultural preservation. In 2015–2018, buildings in the old town of Luang Prabang were restored with funding from the German Foreign Office.[1]