China-Laos Economic Cooperation Forum yields multiple agreements

File photo.

8th December 2023 – (Vientiane) The second Belt and Road Laos-China Cooperation Forum was held in Vientiane, Laos on Thursday, drawing together a number of prominent officials and business leaders from both countries. The forum was a resounding success, with several agreements signed in various fields, including finance, communications, culture, and tourism.

One of the key highlights of the forum was the release of a bilingual report titled “New Opportunities of China-Laos Economic and Trade Cooperation in New Era” by China Economic Information Service, a subsidiary of Xinhua News Agency. The report provided a comprehensive summary of the achievements of China-Laos economic and trade cooperation, showcasing the major cooperation projects between the two countries and highlighting the vast opportunities for future collaboration.

In addition, the Belt and Road Portal, the official website for the Belt and Road Initiative (BRI), launched a China-Laos Economic Corridor web page section during the forum, further solidifying the partnership between the two nations. A memorandum of cooperation was also signed between the Belt and Road Portal and Lao News Agency, paving the way for enhanced cooperation in the field of news and information exchange.

The forum also witnessed the official launch of the bilingual column “Silk Road Express” of the Chinese Times (Laos), which will offer graphic and video information on the progress of Belt and Road projects and China-ASEAN cooperation to local people in both Lao and English.

Several Chinese and Lao enterprises and organizations participating in the forum signed cooperation agreements in various fields, including finance, communications, culture, and tourism. For instance, the Industrial and Commercial Bank of China (ICBC) signed a cooperation agreement with Laos-China Cooperation Committee, while China Mobile International Limited inked a consultation partner agreement with KLS Sole Laos Limited on cooperation in the areas of virtual operator business and cloud data centre in Laos.

Moreover, Chinese and Lao tourism companies signed a memorandum of cooperation to promote cultural exchanges between the two countries. The forum also included a promotion event for key tourism projects of the Laos Year 2024 and a seminar on China-Laos agricultural cooperation and targeted poverty alleviation.

Participants at the forum were also treated to a photo exhibition on the achievements of the China-Laos community with a shared future, showcasing the strong bond between the two nations.