Laos, Britain to strengthen trade cooperation
VIENTIANE: Lao Minister of Industry and Commerce Malaythong Kommasith (pic) met with British Ambassador to Laos Melanie Barlow and discussed ways to strengthen cooperation in trade, investment, finance and business, local media said Thursday (Feb 29).

Malaythong called for more British businesses to invest in Laos and facilitate commerce by offering trade preferences for Laos, news website Lao Phattana News reported.

Britain currently has 38 businesses operating in Laos, mainly in agriculture, forestry, fisheries, processing industry, mining, wholesale and retail sales, and automobile and motorcycle repair.

Malaythong informed Barlow about the priority work plan under the Asean Economic Pillars during Laos' chairmanship of Asean in 2024 during the meeting on Monday.

Two-way trade between the two sides reached US$46.3 million in 2023, of which $27.1 million represented the value of Lao exports, while 19.2 million dollars worth of goods were imported by Laos.

Products exported by Laos consisted of shoes, clothing, sugar, hats, sweets, beer, wine and rice, while products imported from Britain included beer, wine, vehicles, tractors and spare automotive parts, according to the report. - Xinhua
Laos,Britain,trade
VIENTIANE: Lao Minister of Industry and Commerce Malaythong Kommasith met with British Ambassador to Laos Melanie Barlow and discussed ways to strengthen cooperation in trade, investment, finance and business, local media said Thursday (Feb 29).