Yunnan province and northern Laos further co-operation

(KPL) A meeting to further the co-operation between Yunnan province of the Republic of China and the Northern province of Laos and the fourth meeting of the co-ordination committee of Northern Laos and Yunnan province was held from 22-23 June in Sisong Panna ( Xieng Houng) of Yunnan province.
The meeting was jointly chaired by Mr. Somsavat Lengsavad, Standing Deputy Minister and President of the Laos-China Co-operation Committee of Laos and Mr. Qin Guangrong, Governor of Yunnan province.
At the meeting, the two sides exchanged their point of views and informed each other on their respectively social-economic development. They also reviewed their co-operation made during the past few years, especially in the fields of trade and investment.
In 2008 alone, the value of trade between northern Laos and Yunnan province has reached US$ 110 million; increased 30.7% compared to the same period of 2007 and covered 26.3% of total trade value between Laos and China.
By 2008, Laos and Yunnan province of China has signed a co-operation agreement on economic-technique with the total value of US$ 482 million, US$390 million of which was already implemented. In 2008, Laos and China also signed 14 economic co-operation projects with the total value of US$141 million, in which US$ 93.29 million was implemented. The two side trade value is expected to reach US$ 250 million by 2010.
At the end of the meeting, the sides also signed a MoU to further their co-operation in the future.

back