VN, Laos to sign border trade agreement
VGP – The PM has issued a Decision directing negotiations on a border trade agreement with Laos.
The PM assigned the Ministry of Industry and Trade to set up an interdisciplinary delegation in charge of negotiating the agreement.
Viet Nam-Laos border trade has yielded positive achievements over the past few years, contributing to expanding the market and a higher growth in the two-way trade turnover.
Both sides have improved mechanisms, polices and administrative procedures to create a healthier environment for trade exchanges.
The border trade agreement, which is expected to be inked in June, 2015, in Viet Nam, aims to create a sound legal framework facilitating trade activities through border gates between the two nations.