Chinese firms have signed contracts worth CNY 1.3 billion (around USD 184 million) for the purchase of goods from Laos, mainly agricultural products.
The agreements were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, the capital of the southwestern province of Yunnan, China.
On the same day, a seminar was held at the Kunming International Convention and Exhibition Center to introduce the advantages of the investment environment in Laos. Investment intent agreements were also signed at the event, focusing on tourism, infrastructure development, and agricultural technology, according to a report in Xinhua News.
The event was held by the Investment Promotion Department of the Ministry of Planning and Investment of Laos, in hopes of attracting investment from enterprises in Yunnan and throughout China, and was aimed at enhancing their understanding of Laos’ investment policies and strategies.
The event attracted more than 200 officials and entrepreneurs from both countries, seeking cooperation in trade and investment.