Lao-Thailand trade forecast to increase
Two-way trade between Laos and Thailand will continue to grow
despite recent political unrest in the latter, according to the Lao
state-run daily Vientiane Times.
Two-way trade between Laos and Thailand will continue to grow
despite recent political unrest in the latter, according to the Lao
state-run daily Vientiane Times.
The prediction comes amidst a slowdown in cross-border travel between the two countries in the wake of Thailand ’s military coup last month.
Bilateral trade in the first six months of the 2013-2014 fiscal year rose by 3.47 percent to 20 trillion kip (2.5 billion USD) year-on-year, said the Lao Ministry of Planning and Investment.
Laos mainly imports fuel, vehicles, electricity, food and drinks and agriculture equipment, while exporting farm produce, timber products and minerals to the Thai market.
Lao Minister of Industry and Trade Nam Vinhaket said two-way trade hit 40.48 trillion kip (5.06 billion USD) in the 2012-2013 fiscal year.
Last year, the pair signed a Memorandum of Understanding to increase information exchange and business cooperation.-VNA
The prediction comes amidst a slowdown in cross-border travel between the two countries in the wake of Thailand ’s military coup last month.
Bilateral trade in the first six months of the 2013-2014 fiscal year rose by 3.47 percent to 20 trillion kip (2.5 billion USD) year-on-year, said the Lao Ministry of Planning and Investment.
Laos mainly imports fuel, vehicles, electricity, food and drinks and agriculture equipment, while exporting farm produce, timber products and minerals to the Thai market.
Lao Minister of Industry and Trade Nam Vinhaket said two-way trade hit 40.48 trillion kip (5.06 billion USD) in the 2012-2013 fiscal year.
Last year, the pair signed a Memorandum of Understanding to increase information exchange and business cooperation.-VNA
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