KPL
(KPL/Prensa Latina) Laos and China agreed to strengthen cooperation in investment, urban planning, and industrial development within the Thatluang Lake Special Economic Zone, following a bilateral forum held in the capital.
(KPL/Prensa Latina) Laos and China agreed to strengthen cooperation in investment, urban planning, and industrial development within the Thatluang Lake Special Economic Zone, following a bilateral forum held in the capital.
During the meeting, Laotian authorities and Chinese businesspeople agreed to coordinate projects under a “capital, industry, and operation” model, designed to attract diversified investments with harmonized rules and procedures.
The agreement included moving forward joint plans for infrastructure, land preparation, and integrated services for investors, as well as improving tax incentives and the administrative management of Vientiane’s economic zones.
Experts from the Chinese Academy of Urban Economics and local officials also agreed to develop a roadmap that leverages the logistical potential of the China-Laos railway to reduce costs and increase regional connectivity.
Laos, in turn, pledged to ease trade operations and boost new industries, while China expressed its willingness to establish projects in manufacturing, modern services, and cross-border trade.
The Thatluang Lake Special Economic Zone aspires to become a demonstration hub for Laos-China cooperation, now supported by a strategic coordination agreement that will guide investments for the coming years.
KPL
