G-49K1P98ZGC Mekong-Lancang countries to promote cross-border trade

Mekong-Lancang countries to promote cross-border trade

LAO PDR (Vientiane Times) - The five Mekong sub-region countries and China will move ahead with the implementation of the first five-year development plan to promote regional cross-border economic activities under the Mekong-Lancang Cooperation (MLC) program.


Acting Director General of the Planning and Cooperation Department under the Ministry of Industry and Commerce, Mr Phouvieng Phongsa (centre) addresses the meeting in Vientiane yesterday.

Representatives from the five countries and China gathered in Vientiane yesterday for the third meeting of the Joint Working Group on Cross-Border Economic Cooperation (JWG-CBEC) under the MLC.


The objective of the meeting was to finalize the first five-year development plan to promote collaboration among Mekong Lancang member countries in trade, investment and other forms of economic cooperation.


In his keynote remarks at the meeting, Acting Director General of the Planning and Cooperation Department under the Ministry of Industry and Commerce, Mr Phouvieng Phongsa said the JWG-CBEC meeting was part of the cooperation framework of Mekong-Lancang Cooperation.


“Members from the five Mekong sub-region countries and China have gathered for this meeting to discuss the first five-year development plan to promote economic cooperation in the fields of logistics, energy, electricity, e-commerce, agriculture, and industry,” he said. Mr Phouvieng said the meeting also enabled Laos to contribute its legitimate comments to the five-year plan and propose incentives for special economic zones in the country.


The Joint Working Group is designed to support implementation of directions provided in the Sanya Declaration of the first MLC Leaders’ Meeting, the Phnom Penh Declaration of the second MLC Leaders’ Meeting, the Joint Ministerial Statement on Strengthening Cross-Border Economic Cooperation among MLC countries, the Five-Year Plan of Action on Mekong-Lancang Cooperation (2018-22), and the Joint Statement on Production Capacity Cooperation among Mekong-Lancang countries.


Several key issues were discussed at the meeting, including proposed measures and projects in cross-border trade and investment, sanitary and phytosanitary measures, cross-border logistics, trade, and transport facilitation, cross-border economic zones, human resource development, industrial parks, and e-commerce.


At the end of the meeting, Mekong-Lancang Cooperation leaders signed a summary of discussions to accept the issues and measures proposed and discussed. The Economic and Trade Counsellor at the Chinese Embassy to Laos, Mr Wang Qihui, co-chaired the meeting.