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Laos, Thailand work to promote bilateral trade

Measures are sought to increase the value of bilateral trade between Laos and Thailand at a trade meeting that opened in Vientiane, Laos, on September 4.
Laos, Thailand work to promote bilateral trade ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Measures are sought to increase the value of bilateraltrade between Laos and Thailand at a trade meeting that opened in Vientiane,Laos, on September 4.

The three-day meeting saw officials from the two countries discussing numerous measuresto raise bilateral trade to 10 billion USD by 2021.

In 2017, trade between Thailand and Laos amounted to 6.17 billion USD, up 5.1percent from the previous year.

Laos’ imports from Thailand are mainly oil products, automobiles and parts,steel and steel products, livestock, chemicals, cosmetics, soap and acnetreatment products, machinery and parts, fresh and frozen poultry, and plasticproducts.

Meanwhile, Laos mainly exports hydroelectric power, agricultural products andother natural resource-based products to its neighbouring country.-VNA
VNA
#trade #Laos #Thailand #oil products #automobiles #steel products #livestock #chemicals #poultry #hydroelectric power #vietnamplus #Vietnam News Agency Laos Thailand
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