VIENTIANE, May 25 (Xinhua) -- Laos and Thailand are set to boost their trade, investment and logistics cooperation, according to local daily Vientiane Times on Thursday.
Lao Deputy Prime Minister and Minister of Finance Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak, with participation by ministers of Laos and Thailand from different sectors, discussed issues regarding the cooperation here on Wednesday.
The Lao government proposed the Thai government open itself up to more imports from Laos such as agricultural products including sweet corn, rice and rubber, the Vientiane Times reported.
The Lao government also proposed the Thai government help with trade facilitation of goods transported from Laos to a third country.
Major exports from Laos to Thailand include electricity, copper, tobacco, vegetables and minerals. Laos, in turn, imports fuel, vehicles, electronic items and machinery from Thailand.
Exports from Laos to Thailand reached 2 billion U.S. dollars in 2016, while imports were 2.59 billion U.S. dollars, according to the Lao Ministry of Industry and Commerce. Enditem
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