Laos and China to increase trade cooperation


VIENTIANE (Xinhua): Lao businesses held talks with Chinese business operators in the Lao capital Vientiane, to discuss ways to strengthen their ties towards increasing trade and investment in Laos.

The meeting, which was held on Tuesday, was co-chaired by Lao President of the National Chamber of Commerce and Industry (LNCCI) Oudet Souvannavong, and Xu Ningning, executive director of the China-Asean Business Council and Chairman of RCEP Industry Cooperation Committee, according to a report released by LNCCI on Thursday.

During the meeting, participants discussed aspects of cooperation in trade, investment, imports and exports, and education projects in Laos.

Souvannavong said the meeting strengthened business links between Laos and China which would speed up the development of agriculture and make the sector financially stronger.

Xu said there is much potential for further economic development between Laos and China based on existing agreements and regional protocols.

By deepening economic development, innovation will lead to the expansion of comprehensive strategic cooperation relations as well as practical implementation regarding the creation of a strategic partnership between Laos and China, he added. - Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Hong Kong tycoon Jimmy Lai tells court he championed 'freedom'
Mother of Filipino worker on death row in Indonesia fears for daughter’s life once back in Philippines
Wiring on bus involved in fatal electrocution did not comply with safety standards, says Loke
Oil little changed as market weighs mixed drivers
Asian shares subdued ahead of Nvidia results, dollar steadies near 1-week low
Immigration denies officials involvement in altercation with foreign traveller at KLIA
Man linked to Singapore’s Roman Catholic Archdiocese accused of molesting child in 2004
Sabah's Mt Tambuyukon is a hidden hiking gem
Chinese vice premier meets with Vietnam deputy prime minister
Thai rice prices surge in 2024 as demand outstrips supply

Others Also Read