Laos is currently working to create sustainable production of agricultural products with an intention to boost exports of agricultural products towards China by leveraging China’s China-Laos Railway. The railway is an important conduit to facilitate trade between these two countries specifically in the agricultural sector. An upcoming meeting between Lao National Chamber of Commerce and Industry (LNCCI) as well as an Chinese business delegation explored potential export opportunities for Laos’ durian to the Chinese market. The sector is that is growing rapidly due to the fertile land for agriculture in Laos as well as the huge demand for it in China.

Development of infrastructure, particularly that of the China-Laos Railway, has received large amounts of investment from the Lao as well as Chinese government, highlighting the importance of this link to connect Lao items to the massive Chinese market. Railways have already proven its value in exports of agricultural goods, as demonstrated by the shipment that included 390 tons of fruit in the direction of Vientiane up to Beijing. This is an element of Laos’ overall plan to increase the agricultural exports that have surpassed 1.4 billion U.S. dollars in 2023 which equates approximately 21.4 percent of the nation’s GDP.

It is believed that the Lao government is actively making improvements to regulations and standards that encourage the processing, production export and processing of agricultural goods, and as well as encouraging farmers to take methods to control quality that meet demands for export to China. Chinese market. The goal is not just to increase exports, but also in order to increase foreign currency demand as well as reduce the high foreign exchange rates.

Information Sources: English News