Senior officials from Cambodia , Laos , Myanmar and Vietnam (CLMV) met in Vientiane on Feb. 27 to discuss a cooperation mechanism to realise the agreements reached at the 5 th CLMV Summit held in Cambodia last year.
Present at the second CLMV Economic Ministers Meeting were Vietnamese Minister of Vu Huy Hoang, the Cambodian Minister of Commerce, the Lao Minister of Industry and Trade, the Myanmar Ambassador to Laos , and a number of representatives from the four nations and the ASEAN Secretariat.
Participants reviewed the results of economic and trade cooperation amongst the four countries since the first meeting which took place in Vietnam ’s central city of Da Nang in August 2010.
They debated measures to embark on four major cooperation directions as agreed upon at the first meeting, namely trade, investment, human resources development and policy coordination. These measures are aimed at narrowing the development gap between the four countries and other members of the Association of Southeast Asian Nations, known as ASEAN.
The officials adopted a 16-point plan of action and put forth an array of specific measures to step up economic and commercial cooperation amongst the four nations in 2011.
They agreed to devise more agreements to foster bilateral trade, step up trade promotions, and establish a mechanism for exchanging information about policies and regulations on trade and investment of each nation.
A focus will also be placed on developing border-gate economic zones, sharing experiences in market management, developing human resources, and making concerted efforts to seek assistance from development partners and negotiate regional trade pacts.
Vietnam ’s total trade turnover with Cambodia , Laos and Myanmar has grown steadily in recent years, reaching almost 2.5 billion USD in 2010, an year-on-year rise of 33.6 percent.
Vietnamese businesses have invested in some 270 projects with a combined registered capital of nearly 5 billion USD in Cambodia , Laos and Myanmar. /.
Present at the second CLMV Economic Ministers Meeting were Vietnamese Minister of Vu Huy Hoang, the Cambodian Minister of Commerce, the Lao Minister of Industry and Trade, the Myanmar Ambassador to Laos , and a number of representatives from the four nations and the ASEAN Secretariat.
Participants reviewed the results of economic and trade cooperation amongst the four countries since the first meeting which took place in Vietnam ’s central city of Da Nang in August 2010.
They debated measures to embark on four major cooperation directions as agreed upon at the first meeting, namely trade, investment, human resources development and policy coordination. These measures are aimed at narrowing the development gap between the four countries and other members of the Association of Southeast Asian Nations, known as ASEAN.
The officials adopted a 16-point plan of action and put forth an array of specific measures to step up economic and commercial cooperation amongst the four nations in 2011.
They agreed to devise more agreements to foster bilateral trade, step up trade promotions, and establish a mechanism for exchanging information about policies and regulations on trade and investment of each nation.
A focus will also be placed on developing border-gate economic zones, sharing experiences in market management, developing human resources, and making concerted efforts to seek assistance from development partners and negotiate regional trade pacts.
Vietnam ’s total trade turnover with Cambodia , Laos and Myanmar has grown steadily in recent years, reaching almost 2.5 billion USD in 2010, an year-on-year rise of 33.6 percent.
Vietnamese businesses have invested in some 270 projects with a combined registered capital of nearly 5 billion USD in Cambodia , Laos and Myanmar. /.
