On August 29, the China-ASEAN Economic and Trade Center (hereinafter referred to as the Economic and Trade Center) signed a strategic cooperation agreement with the Lao National Chamber of Commerce and Industry.
The two sides will jointly facilitate Lao enterprises to enter the Chinese market and Chinese enterprises to enter the Lao market, especially in priority development areas such as agricultural processing, infrastructure, and new energy, and jointly promote the sustainable development of the China-Laos economy.
The Lao National Chamber of Commerce and Industry network covers 18 provincial chambers of commerce, 10 international chambers of commerce and 26 business associations and groups in Laos. The Economic and Trade Center is a “one-stop” comprehensive service platform created by Guangxi to expand the value chain of the China-ASEAN Expo and promote trade and investment cooperation between China, ASEAN and even RCEP countries.
The cooperation between the two sides is an innovative move for the China-ASEAN Expo to upgrade its “diamond crown” development, which is of great significance to promoting economic and trade cooperation between China and Laos. The Economic and Trade Center will continue to deepen cooperation with Laos and make positive efforts and demonstrations to promote the construction of a community of shared future between China and Laos and deepen the comprehensive strategic partnership between China and ASEAN.
A China-Laos economic and trade negotiation meeting was held on the same day. Somchith Inthamith, consultant of the Lao National Chamber of Commerce and Industry, Liang Yiguang, deputy secretary-general of the China-ASEAN Expo Secretariat, Xiong Zhilin, deputy general manager of Guangxi International Expo Group, Vongpano Sipaseuth, consul general of the Lao Consulate General in Nanning, Houmpheng Theuambounmy, deputy director of the Lao Ministry of Energy and Mines, and about 60 representatives from relevant departments, associations and enterprises of China and Laos attended the meeting. At the meeting, the two sides exchanged views on Laos’ investment potential, investment procedures and incentive policies.