Laos saw a decline in export-import turnover in February mainly due to the impact of the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19).
Hanoi (VNA) – Laos saw adecline in export-import turnover in February mainly due to the impact of the acute respiratory disease caused by the novelcoronavirus SARS-CoV-2 (COVID-19).
According to the Lao Ministry of Industry and Commerce show that the total trade in January reached 890 million USD, but it droppedto 769 million USD in February.
In January, Laos earned 410 million USD from exports, and spent 480million USD on imports, recording a deficit of 70 million USD.
In February, its export turnover totalled 391 million USD, while import stoodat 378 million USD.
The Lao government has set a combined trade target of 13,037 million USD for2020, with a deficit of 193 million USD.
Its exports are expected to reach 6,422 million USD, while imports will be valuedat 6,615 million USD./.
The Lao government is taking precautions against the acute respiratory disease caused by SARS-CoV-2 (COVID-19) to ensure the safety of regional leaders scheduled to visit Laos for upcoming summits, reported Vientiane Times newspaper.
The Lao Government has cancelled four regional high-level conferences slated for the end of March in the country’s capital Vientiane over concern about the complicated developments of the COVID-19 epidemic.
Laos recently ordered the temporary closure of 10 border gates with its neighbouring countries, including Vietnam, amid the rapid spread of the COVID-19 epidemic in the world.
The Lao Government has suspended the issuance of visas for foreign tourists for 30 days and closed schools at all levels to prevent the spread of the COVID-19 pandemic, Prime Minister Thongloun Sisoulith announced on March 18.
Laos has not recorded any case testing positive for the novel coronavirus SARS-CoV-2, Lao Foreign Minister Saleumsay Kommasith said at a press conference on March 19 in Vientiane.
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