On January 6, 2020, the China-Laos Business Cooperation Conference was held. Under the Belt and Road Initiative, this conference aims to strengthen complementary cooperation between the two countries. In addition to infrastructure and real estate, China will invest in Laos' agriculture and tourism. And digital economy industries.

Recently, the Prime Minister of the Lao Government has signed a number of cooperation agreements. The chambers of commerce and industry associations of China and Laos play a bridge role in enhancing the economic and trade cooperation between the two countries. The chambers of commerce not only do a good job of docking services for large enterprises, but also prepare for the docking of SMEs.

Chinese companies develop advantages in Laos

China has settled 69 companies in Laos, with an annual output value of more than 20 billion US dollars. Chinese companies have many advantages in investing in Laos. First, Laos has a stable political situation and rapid economic growth. Second is the good relations between China and Laos. Furthermore, the economic and trade cooperation between China and Laos has a good foundation and is highly complementary. The current development strategy of the Latvian United Nations in Laos is very suitable for Chinese companies to invest locally. Finally, there is no unpredictable economic and trade relationship between Laos and other countries, and the market development prospects are broad. (Please refer to www.seetao.com for reprinting) Seetao strategy editor / Zhang Xianglong