Thai-Lao trade talk this month
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The Commerce Ministry during Feb 22-23 will host a trade and investment discussion with the Lao counterparty, with the aim to double bilateral trade within 2015.
Commerce Minister Boonsong Teriyapirom added that both countries also aim to triple Lao exports to Thailand within 2015.
He said that the discussion will be aimed at eliminating trade and investment obstacles between the two countries. Thailand is now the third largest foreign investor in Lao with the combined investment value of US$1.4 billion, followign Vietnam and China.
In 2011, bilateral trade was worth $3.9 billion, up 35.8 per cent from the previous year. Thailand exported goods worth $2.79 billion and imported $1.13 billion worth of goods.
