Potential Areas Of Trade Cooperation Between Laos And China To Be Developed(1)
The Consul General of the Consulate General of Laos in Nanning, Verasa Somphon, stated on the 11th that Laos is rich in natural resources, with the Mekong River and its tributaries in the territory. It has great potential for the construction of a number of large-scale hydropower projects. There are still many potential areas to be developed in the country. Powerful Chinese companies come to invest and start businesses.
Verasa Sompong, who attended the China-ASEAN Expo Investment Promotion Conference in Laos on the same day, made the above remarks in an interview with a reporter from China News Agency.
The cooperation between China and Laos in the field of trade and investment is expanding day by day. Statistics show that the bilateral trade volume between China and Laos reached 3.55 billion U.S. dollars in 2020, and China has become Laos' second largest trading partner and Laos' largest foreign direct investment country.
Verasa Songphong introduced that Laos and China’s Yunnan Province border, which creates more opportunities for the two countries to strengthen cooperation in the fields of trade, investment and tourism.
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