At the meeting (Photo: nationmultimedia.com)Vientiane (VNA) – Laos and Thailand agreed to draft a plan to doublethe value of bilateral trade and investment to 10 billion USD by 2021.
The consensus was reached in a meeting between Lao Deputy Prime Minister SomdeeDuangdee and his Thai counterpart Somkid Jatusripitak in Vientiane on May 24.
“We will collaborate to develop both trade and investment by focusing onlogistics, energy, tourism, border trade, industry and the capital market, andalso develop small and medium-sized enterprises in both countries”, Thailand’sEnglish-language daily newspaper The Nation quoted Somkid Jatusripitak assaying.
In his speech, the Lao Deputy Prime Minister stated that the meeting would openopportunities for the two nations to develop trade and investment relations.
To attract more foreign corporations, the Lao Government has made amendment to theinvestment promotion law and provided one-door services and tax incentives of upto 15 years for investment projects in Laos, he highlighted.
Somdee said that his government has developed infrastructure connecting China,Vietnam and Thailand, which has been touted as a door for Lao products to enterthe third country.
Statistics from Lao Ministry of Planning and Investment showed that Thailand isone of Laos’ key trade partners. Last year, two-way trade reached nearly 4.6billion USD, including 2 billion USD of Lao exports.-VNA
VNA
