The agreements were signed during an official goodwill visit to China by Laotian President and Secretary General of the Lao People’s Revolutionary Party Choummaly Sayasone from September 26-30 in response to an invitation from his Chinese counterpart Xi Jinping.
According to a China Daily report, Laos serves a unique role in bringing China closer to its Asean neighbours and can act as a mediator amid some regional disputes.
“In its foreign policies, Laos sees China as a key partner. Economically, its fast development is closely linked with that of China,” China Daily said quoting Head of the Institute of Lao Studies at the Institute of China-Asean Research in the Guangxi Zhuang region.
China is a key trading partner with Laos and their annual trade volume has been increasing on a year-on-year basis.