VIENTIANE: The Lao government has given the green light for Chinese companies to develop trade-facilitation related infrastructure and invest in agriculture with a view to bolstering exports to China.
The move is part of the Lao government's preparations to capitalize on the 5.9-million-U.S. dollar Laos-China railway project, which is slated for completion in 2021. Laos is currently building the nation's biggest modern warehouse in Vientiane, local daily Vientiane Times on Tuesday quoted Lao Minister of Agriculture and Forestry Lien Thikeo as saying, reports Xinhua.
Meanwhile, the Lao Ministry of Agriculture and Forestry in cooperation with the Lao Ministry of Industry and Commerce are working to develop the necessary infrastructure for rice production and processing for export to China.