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.
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
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Fighting drug and human trafficking as well as boosting connectivity and economic cooperation are among the most significant agreements reached by Laos and Thailand at their latest meeting.
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Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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Illustrative image (Source: VNA) 
