Laos, China agree on joint plan for Boten-Mohan economic zone
Laos, China agree on joint plan for Boten-Mohan economic zone
Laos and China have agreed on the draft of a joint framework plan for the Boten-Mohan Economic Cooperation Zone border crossing between Luang Namtha province of Laos and Yunnan province of China.
Delegations from the two parties attended a meeting in Vientiane yesterday to discuss the joint framework plan to establish and develop the cross-border economic cooperation zone.
The Lao side was led by Deputy Minister to the Government Off ce and Vice Chairperson of the National Committee for Special and Specific Economic Zones Management (NCSEC), Ms Bouatha Khattiya, while the China side was led by its Ministry of Commerce's Foreign Investment Administration Department Director General Mr Tang Wenhong.
The discussion on the joint framework plan aims to reach agreement on the contents, in particular main six areas that the two parties will have cooperation with each other such as basic infrastructure, trade, investment, measures on development and clear definitions of management mechanisms at the central and local levels.
The two parties signed an agreement on the draft of joint framework plan, for which the cooperation plan will be signed at the 6th Greater Mekong Sub-Region (GMS) Economic Corridor Week in June this year.
According to the press release, in April last year the NCSEC established a coordinating committee to join with the coordinating committee of China to discuss and research ways forward in terms of cooperation.
In June the NCSEC represented the Lao government to sign a memorandum of understanding on establishing the Boten-Mohan Economic Cooperation Zone with the Chinese Ministry of Commerce.
After that each side continued to discuss and work together with their relevant sectors, the press stated.
Establishment and development of the Boten-Mohan Economic Cooperation Zone aims to implement the strategy of “long-term stability, mutual trust, friendly neighbourliness, and comprehensive cooperation.”
It aims to jointly promote the Belt and Road Initiative, to consolidate and develop a bilateral comprehensive strategic partnership and enhance cooperation for mutual benef ts between the two countries.
vientiane times
