Illustrative image (Photo: Internet) Hanoi (VNA) – Banana continues to be a top earner among Laos’s agricultural products exported to China though the Southeast Asian nation’s government stopped granting licences for developing more banana plantations.
Statistics from the Lao Ministry of Industry and Trade show that the nation’s banana export value to China hit 116 million USD in the first seven months of 2020. Last year, the figure reached 185.6 million USD.
In 2020, the Laos – China trade is strongly affected by the COVID-19 pandemic. However, exports of goods, especially banana, are still stable thanks to good negotiation and cooperation between the two countries' officials.
The agricultural development strategy of Laos until 2025 clearly states that banana is one of the key contributors to the country’s export turnover, bringing job opportunities and generating table incomes for local residents, and contributing to the country’s poverty reduction effort.
But some plantations harmed the environment because of a lack of management by the authorities, incomplete land allocation, and lax business registration. For this reason, traders and investors were encouraged to enter into contracts with farmer households to grow the crop./.
Statistics from the Lao Ministry of Industry and Trade show that the nation’s banana export value to China hit 116 million USD in the first seven months of 2020. Last year, the figure reached 185.6 million USD.
In 2020, the Laos – China trade is strongly affected by the COVID-19 pandemic. However, exports of goods, especially banana, are still stable thanks to good negotiation and cooperation between the two countries' officials.
The agricultural development strategy of Laos until 2025 clearly states that banana is one of the key contributors to the country’s export turnover, bringing job opportunities and generating table incomes for local residents, and contributing to the country’s poverty reduction effort.
But some plantations harmed the environment because of a lack of management by the authorities, incomplete land allocation, and lax business registration. For this reason, traders and investors were encouraged to enter into contracts with farmer households to grow the crop./.
VNA
