Laos, Thailand to double trade by 2010
Laos and Thailand have reached a
consensus to double two-way trade by 2010 as compared with this year’s
figure, requiring Laos’s exports to Thailand to triple the current
value.
Laos and Thailand have reached a
consensus to double two-way trade by 2010 as compared with this year’s
figure, requiring Laos’s exports to Thailand to triple the current
value.
The two sides are preparing to draw up a plan to boost trade by 2010, which is seen to be feasible as Thailand has taken the lead among foreign investors in Laos over the past nine years.
Thailand is currently investing in 216 projects representing 2.5 billion USD in Laos. China places second, with over 2.1 billion USD and 303 projects, followed by Vietnam with over 1.9 billion USD and 189 projects.
Trade between Laos and Thailand has grown considerably in recent years. Last year, two-way trade reached nearly 2.4 billion USD, up 34 percent as compared with 2007.
Laos’s imports from Thailand increased 30 percent last year to nearly 1.8 billion USD while its exports to the latter reached 613.7 million USD.
Laos imported petroleum, motorbikes, spare parts and iron and steel from Thailand and exported minerals, garments and textiles and wood-based products to its neighbouring country./.
The two sides are preparing to draw up a plan to boost trade by 2010, which is seen to be feasible as Thailand has taken the lead among foreign investors in Laos over the past nine years.
Thailand is currently investing in 216 projects representing 2.5 billion USD in Laos. China places second, with over 2.1 billion USD and 303 projects, followed by Vietnam with over 1.9 billion USD and 189 projects.
Trade between Laos and Thailand has grown considerably in recent years. Last year, two-way trade reached nearly 2.4 billion USD, up 34 percent as compared with 2007.
Laos’s imports from Thailand increased 30 percent last year to nearly 1.8 billion USD while its exports to the latter reached 613.7 million USD.
Laos imported petroleum, motorbikes, spare parts and iron and steel from Thailand and exported minerals, garments and textiles and wood-based products to its neighbouring country./.
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